Despite its financial woes, brands like Fisher Price and Hot Wheels, which are still seen as valuable, are said to make Mattel "ripe for a takeover" by Hasbro.
According to a report on the WSJ, Hasbro had recently approached Mattel with the deal.
Hasbro approached El Segundo, Calif. -based Mattel recently with a takeover offer but terms of the proposal were not available, The Wall Street Journal reported Friday, citing unidentified sources.
If the deal were to go through, it would bring the two largest toy companies in the USA and their vast catalog of brands together. Shares of Hasbro rose 3.6% to $94.70 after hours. But Mattel's shares are down by almost half this year alone - an appealing discount for Hasbro.
Mattel in late October reported a 14 percent drop in its third-quarter sales, excluding the effect of currency fluctuations, and suspended its quarterly dividend.
The report comes close on the heels of the bankruptcy of Toys'R'Us - a major outlet for toy sales - that piled more pressure on an industry already struggling with online competition and lackluster demand for traditional toys.
Mattel's market value is $5 billion after the stock plunged 47% so far this year. Mattel stock fell on that day to its lowest since 2009.
Mattel has not been the only target of Hasbro, which is trying to diversify its revenue stream.
That deal would have given Hasbro a direct pipeline into Hollywood, with more movies and TV shows tied to its toy brands.
Across the border on Saturday, Iraqi forces launched an assault to capture the last pocket of IS territory in their country. Abu Kamal's fall signaled the end of IS as a terrorist group, Syrian Army commanders said.
And Salman, who is reuniting with Jacqueline after three years, shared the flawless mahurat shot with his fans on social media. As speculations suggest, the third installment of the movie Race will bring Salman Khan and Anil Kapoor together onscreen.
People who develop symptoms may experience fever, cough, chills, shortness of breath, headaches, muscle aches and diarrhea. Eight of the twelve cases relate to persons visiting Disneyland, as well as someone who worked at the tourist destination.
Partly cloudy, 50-degree weather is forecast to continue through next weekend, with some showers possible on Saturday and Sunday. A little warmup on Sunday with temperatures back in the upper 40s and a chance for rain showers by Sunday evening.
Meanwhile, Congress leader Ajay Maken sided with the NGT order, saying that the tribunal's "displeasure" was justified. At around 3.30 pm, Environment Minister Imran Hussain said the levels of PM2.5 and PM10 had also dropped.
However, it was a boon for JCP stock by beating out Wall Street's losses per share estimate of 43 cents for the quarter. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website .
Nvidia Corporation focuses on personal computer graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of NVIDIA Corporation in a research note on Sunday, November 5th.
Again, Sanjay Leela Bhansali has outdone himself in the direction and the movie looks like the most gorgeous epic ever made. Padmavati began its promotions by releasing one poster at a time, with the beginning of the festival of Navratras.
Goddard, who reportedly has a history with McGregor, apparently angered McGregor with his attempts to clear up the ring. The UFC star was involved in a insane altercation in the cage with referee Marc Goddard at the event in the 3Arena.