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Manage all your deals & contacts in one place, Speed up and simplify due diligence process. 71 0 obj << /Linearized 1 /O 74 /H [ 1369 333 ] /L 204407 /E 83758 /N 3 /T 202869 >> endobj xref 71 41 0000000016 00000 n 0000001369 00000 n Shares took a hit after Mattel said sales will be flat this year as. Privacy Policy. 0000002765 00000 n But Barad said the deal remains on track. 0000009489 00000 n 0000003097 00000 n Mattel Chairman and Chief Executive Jill Barad said the deal, which now must be approved by federal regulators and shareholders at both companies, would help Mattels ongoing transformation from a toy company to a global childrens products company. Despite the stock price plunge, industry observers generally applauded the merger deal, which would give the worlds largest toy maker an immediate presence in the fast-growing world of high-tech games and software. Get full access to Deals from Hell and 60K+ other titles, with a free 10-day trial of O'Reilly. 0000001702 00000 n The doll line that celebrates its 40th anniversary in 1999 will finish the year on a downturn, the first time in more than a decade. mattel and the learning company merger failure jsbacContactjsbacContact But a narrative isnt enough. Dive in for free with a 10-day trial of the OReilly learning platformthen explore all the other resources our members count on to build skills and solve problems every day. Why Mattel's Failed Merger Talks Could Be a Good Thing The unexpected drop in revenue, driven by retailers cutting back on new orders to avoid excess inventory, means Mattel wont hit analysts yearly earnings estimates of about $1.85 per share. But other observers suggested that retailers will continue to order more toys if consumer demand continues to be strong. To those familiar with lists like these, the presence of AOL and Time Warner at the top of this list will come as little surprise. Mattel bought the company just as children were trading in their CD-ROMs--Learning Co.s main delivery method--for games and programs downloaded from the Internet.