Toy maker Hasbro makes an offer to buy rival Mattel, according to newspaper

The American toy company Hasbro has made an offer "recently" to rival rival Mattel, publishes The Wall Street Journal today.

New York, November 11 (EFE) .- The American toy company Hasbro has made an offer to buy "recently" its rival Mattel, published today The Wall Street Journal.

In its print edition, the newspaper refers to sources familiar with the matter, who did not give more details about that offer or about when it was proposed, although The New York Times indicates that it has been the last months.

The creator of the doll G.I. Hasbro shares rose 18% in 2017, while Mattel shares, which are burdened by losses and low sales, have fallen by 47%.

Both firms have been affected by the bankruptcy process that started Toys 'R' Us toy stores chain in September, of which they are creditors: Mattel owes more than 135 million and Hasbro about 59 million.

Does more Two decades ago, the two great toy companies have already studied a possible combination of their businesses. could play a decisive role in potential negotiations between companies, as happened in 1996, when Hasbro rejected a purchase offer from Mattel due to the "obstacles" imposed by market competition.