Hasbro Trying to Acquire Rival Toymaker Mattel

Hasbro has made a bid to acquire rival toymaker Mattel. Hasbro made the takeover offer in recent months and while details about the offer are unknown as is whether or not Hasbro and Mattel have been in any further talks about the offer, a deal would combine the two largest U.S. toymakers. The takeover offer comes as Mattel has encountered weak sales following the September bankruptcy of Toys "R" Us, the U.S.'s largest toy retailer.