Mattel shares rise after reports of takeover interest from Authentic Brands Group

Mattel’s stock climbed sharply on Thursday following reports that Authentic Brands Group, a brand licensing company, had privately discussed acquiring the toymaker. According to the Wall Street Journal, the proposed transaction could value Mattel at more than $20 per share, representing approximately $6 billion in total value. At the time of the report, Mattel’s shares were trading just above $15 per share.
A source familiar with the discussions confirmed to CNBC that preliminary ta