Hasbro makes bid to take over Mattel, Mattel stocks rise

Shares of Mattel soared in after-hours trading on Friday following a report that rival, Hasbro, has made a bid to take over Mattel.

The Wall Street Journal reported Hasbro approached Mattel about a deal, but neither toy maker has commented.  Both companies have had trouble selling their toys to today's kids who would rather play with a tablet.


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