Shares of Barbie-maker Mattel skyrocketed by nearly 20% following reports from the Wall Street Journal that the company has attracted strong takeover interest from brand-licensing powerhouse Authentic Brands Group. The private discussions indicate a potential buyout offer that could value Mattel at over $20 a share, or approximately **$6 billion**. This sudden market movement marks the toy maker’s largest single-day percentage gain in over seven years, arriving amid a critical chief-executive transition where Condé Nast Chief Executive Roger Lynch was named the incoming CEO.
About the Author
