The Latest Breaking News from Mattel

Shares of leading toymaker Mattel (MAT) are up in price marginally year-to-date, outperforming the benchmark indexes’ negative returns so far this year. Investors have been bullish about the company’s strategic business transformation and nearshoring efforts. However, with nearly $50 million in Capex recently, will the company be able to maintain…

We take a look at how the world's richest man now owns nearly $3 billion worth of Twitter stock. Elon Musk recently bought a 9.2 percent stake in the company, making him the top shareholder. But the Tesla founder, who has 80 million Twitter followers, has not refrained from criticising…

Mattel Inc (NASDAQ:MAT) has entered into a multi-year global licensing agreement with Universal Brand Development for DreamWorks Animation's Trolls, an animated franchise. DreamWorks Animation is a division of the Universal Filmed Entertainment Group, within NBCUniversal, a subsidiary of Comcast Corp (NASDAQ:CMCSA). Under the agreement, Mattel will have the licensing rights to develop a full line of toys…

When Mattel announced in January 2022 that it was releasing a new Barbie doll to honor Ida B. Wells – the famed 19th-century Black journalist and anti-lynching crusader – the company said the idea was to “inspire us to dream big.” However, while the doll may prove helpful to young…