Mattel reportedly attracts takeover interest from Authentic Brands Group
MAT•Authentic Brands Group has approached Mattel about a takeover that could value the company at around $6 billion or more, with a discussed offer above $20 a share. There is no guarantee Mattel will consider the offer, and no formal sale process is underway.
1. Potential takeover offer
Authentic Brands Group has approached Mattel about a takeover offer that could value the Barbie maker at around $6 billion or more. The discussed offer was more than $20 a share. Mattel shares rose 25% to $15.79 after the report; the company had a market capitalization of about $3.62 billion.
2. No sale process underway
There is no guarantee Mattel will be open to the offer, and no formal sale process is ongoing. Mattel declined to comment, while Authentic Brands did not immediately respond to a request for comment.
3. Leadership and business context
Mattel CEO Ynon Kreiz is set to leave for a co-CEO role at Paramount Skydance, and former Condé Nast CEO Roger Lynch is expected to succeed him on or before November 2026. The report said Lynch’s transition could complicate a deal as he develops his strategy. Mattel has faced tariff-related costs and its shares have fallen 33% this year.
