Cheddar Morning Business Update 11/13: Hasbro eyes buying Mattel

<p>The deal would bring together two of the best known brands behind names like My Little Pony, Barbie and Hot Wheels.</p>

News 12 Staff

Nov 13, 2017, 1:58 PM

Updated 2,362 days ago

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Cheddar Morning Business Update 11/13: Hasbro eyes buying Mattel
Is there a merger in the works in toy land?
Hasbro reportedly wants to buy Mattel and has made an offer, according to the Wall Street Journal. Neither side is commenting, but if true, the deal would bring together two of the best known kids' brands behind names like My Little Pony, Barbie and Hot Wheels.
Meanwhile, Alibaba’s Singles’ Day, a made-up online shopping holiday in China, brought in a record $25.4 billion on Saturday, more than Cyber Monday and Amazon Prime Day combined.
New this year, is more than 40 percent of the brands taking part come from outside China.
Lastly, ESPN's Sports Center is coming to Snapchat. The show launches today at 5 pm.
Other networks like NBC have poured millions of dollars into bringing their content to the younger Snapchat audience.


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