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Mattel shares jump nearly 20% on takeover interest from Authentic Brands Group

Market News
01 Oct 2026
CNBC
View Source
Bullish
Mattel shares jump nearly 20% on takeover interest from Authentic Brands Group

Mattel's shares surged nearly 20% after reports that Authentic Brands Group showed interest in acquiring the toymaker, potentially valuing it at over $6 billion. Discussions are preliminary, with Authentic drawn by Mattel's entertainment properties for children. This comes shortly after Mattel announced Condé Nast CEO Roger Lynch as its new CEO, who will take over by November. The development signals potential strategic changes ahead for Mattel amid leadership transition.

Mattel's market cap on Pluang stands at $3.61 billion as of Oct 02, 2026 02:51 WIB, with an enterprise value of $5.84 billion. The stock price is currently USD 15.13, reflecting a 19.51% increase in the past day, matching the reported surge in shares. Trading volume is 11,667,195, and all recent Pluang order activity is on the buy side, indicating strong investor interest at this time.

More News (MAT)

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Mattel names Roger Lynch as new CEO and chairman, replacing Ynon Kreiz.

Mattel names Roger Lynch as new CEO and chairman, replacing Ynon Kreiz.

Mattel announced that Roger Lynch will become its new CEO and chairman, succeeding Ynon Kreiz. Lynch, currently CEO of Condé Nast and a Mattel board member since 2018, will assume the chairman role on October 2 and CEO role by November 2. Kreiz, who ...

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