Mattel Shares Jump After Report of Takeover Talks With Authentic Brands Group
Authentic Brands has privately discussed buying Mattel for more than $20 a share. Neither side has confirmed a deal.
Authentic Brands has privately discussed buying Mattel for more than $20 a share. Neither side has confirmed a deal.
Hasbro swung to a profit and raised its 2026 guidance after a strong second quarter led by Magic: The Gathering. Revenue jumped 16% to $1.14 billion, beating Wall Street estimates.
Hasbro beat Q1 estimates with $1B revenue and reaffirmed its full-year outlook, but shares dropped as cyber breach costs remain unknown amid rising oil prices and tariff concerns.
Hasbro grew sales and profit in Q1 2026, led by Magic: The Gathering. Cyber issue contained, outlook stays the same.
Hasbro pauses orders after hack, may change supplier; site still down but games unit running, impact on supply chain and costs.
Hasbro is investigating a cybersecurity breach after unauthorized access on March 28. The toy giant took systems offline but is using backup plans to keep taking orders and shipping products.