Do Not Sell or Share My Personal Information. In September 2000, MaRel announced the sale of the Learning Company unit, for almost no cash and the right to a share of the unit's future . We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. a toymaker into more interactive items. But a narrative isnt enough. 0000005222 00000 n Mattel's corporate headquarters in El Segundo, California. Mattel and The. "The lines of distinction between consumer software and toys begin to gray or blur when you get out past two years," said Kevin O'Leary, president of The Learning Company, in an interview with ZDNN. Mattel/The Learning Co. in $3.8B merger | ZDNET Within a decade, Daimler had sold 80% of Chrysler to Cerberus Capital Management for US$7 billion - a US$20 billion poke in the eye to anyone that says culture doesnt matter. Just think of where some of these companies could have better invested that money. Still, the parameters of the deal indicate The Learning Company could be a little Do Not Sell or Share My Personal Information. The merger announcement, made before New York Stock Exchange trading began Monday, wasnt enough to keep Mattels stock from plunging $8.13 to close at $22 after Mattel said that post-Thanksgiving toy orders from major retail chains had stalled. Our research practices and procedures distill large volumes of data into clear, precise recommendations. But this second part of the equation - making high-quality handsets - has been the undoing of dozens of companies in the telephony industry. Privacy Policy. As a result of this merger, we will achieve our goal of building a $1-billion interactive software business.. A stockholders guide to types of takeovers, rights and responsibilities. Mattel designs, manufactures, and markets a broad variety of toy products. You dont look at closing a deal based on the price on the day it was announced. Join Mergr and gain access to Mattels M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the consumer products sector. 8 a.m. 7 p.m. 0000002970 00000 n Deposed Chief Executive Jill Barad pushed Mattel to acquire the Cambridge, Mass., company last May for $3.6 billion in an attempt to sharpen its high-tech product line.
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