Mattel attracts takeover interest from Authentic Brands Group, source says
MAT•Authentic Brands Group has approached Mattel about a takeover that could value the Barbie maker at around $6 billion or more, a source said. The interest was for more than $20 a share, with no guarantee Mattel will consider an offer and no formal sale process underway.
1. Takeover interest
Authentic Brands Group has approached Mattel about a takeover that could value the company at around $6 billion or more, a source familiar with the matter said. Authentic Brands was discussing an offer of more than $20 a share, the source said; there is no guarantee Mattel will be open to it, and no formal sale process is underway.
2. Leadership transition
Mattel shares closed up about 18% at $15.04 after the news. The company said its CEO, Ynon Kreiz, would leave to become co-CEO of Paramount Skydance and run its combined business with Warner Bros; Roger Lynch is set to succeed him on or before November 2026. A report said Lynch's transition could complicate a Mattel deal as he works on his strategy.
