Shares of Mattel jumped 12% after sources told Reuters it was exploring a sale and has held talks with buyout firms
The talks on a possible sale come a few months after the California-based company's chief executive officer, Ynon Kreiz, said Mattel had completed its turnaround plan and was in "growth mode".
In its fourth-quarter results in February, Mattel forecasted full-year profit above analysts' estimates, citing robust demand for its Barbie dolls and other toys that would help the toymaker weather rampant supply chain disruptions.L Catterton declined to comment. Mattel and Apollo Global Management did not immediately respond to requests for comment.
In January, Mattel won the rights to produce dolls based on Disney royalty like Elsa and Jasmine, snatching back a highly lucrative license from archrival Hasbro Inc
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk to buy Twitter for approximately $44B, company announcesTwitter said it will become a privately held company after the sale is closed.
Leer más »
Elon Musk to buy Twitter for approximately $44B, company announcesTwitter said it will become a privately held company after the sale is closed.
Leer más »
The Morning After: Mastodon, an open-source Twitter alternative, is having a moment | EngadgetAn open-source Twitter alternative is having a moment, someone made a GameBoy demake of 'Elden Ring', and inefficient light bulbs are on their way out, again..
Leer más »
Warner Bros. and J.J. Abrams are working on a live-action Hot Wheels movieMattel Films and Warner Bros. are revving up for a Hot Wheels movie.
Leer más »