Mattel Completes Acquisition of HIT Entertainment
01 Fevereiro 2012 - 3:30AM
Business Wire
Mattel, Inc. (NASDAQ:MAT) announced today that it completed the
acquisition of HIT Entertainment from a consortium of funds led by
Apax Partners for $680 million in cash. HIT Entertainment is one of
the largest independent owners of preschool intellectual property,
including Thomas & Friends®, Barney®, Bob the Builder®,
Fireman Sam® and Angelina Ballerina®. The Company previously
announced its proposed acquisition of HIT Entertainment by press
release on October 24, 2011.
A young boy enjoys playing with Thomas
& Friends(R) toys. (Photo: Business Wire)
The acquisition combines Mattel’s global marketing, distribution
and brand management capabilities with HIT Entertainment’s global
programming and licensing expertise to accelerate growth of the
combined portfolio. “Mattel is thrilled to welcome the HIT
Entertainment talent to our family under the direction of
Fisher-Price Executive Vice President, David Allmark,” said Bryan
Stockton, Chief Executive Officer of Mattel. “This acquisition
supports our strategy to own, develop and grow world-class brands,
further igniting the momentum behind our innovative toys and
consumer products in the marketplace.”
“This is indeed a momentous day for Mattel, especially
Fisher-Price,” said Allmark. “I am very excited about the prospects
ahead for the collective Fisher-Price and HIT Entertainment brand
portfolio. Each business has complementary capabilities – the
combination of which presents a dynamic future.”
The Thomas & Friends brand is the premier brand in the
HIT Entertainment portfolio. Created more than 65 years ago, the
brand has grown into the #1 licensed preschool toy property in the
world, with television programming, home entertainment products,
toys and other consumer products available across the globe. It
joins Mattel’s iconic brand portfolio that includes Barbie®, Hot
Wheels®, Fisher-Price® and American Girl®.
About HIT Entertainment
HIT Entertainment is one of the world’s leading independent
children’s entertainment producers and rights-owners. HIT’s
portfolio includes properties, such as Thomas & Friends®,
Barney®, Bob the Builder®, Fireman Sam®, Angelina Ballerina®, Mike
the Knight™, Pingu® and Rainbow Magic®. Launched in 1989, HIT’s
lines of business span television and video production, content
distribution, publishing, consumer products licensing and live
events and has operations in the UK, US, Canada, Hong Kong and
Japan. For more information, visit www.hitentertainment.com.
About Mattel
As the worldwide leader in play, the Mattel family comprises
such best-selling brands as Barbie®, the most popular fashion doll
ever introduced, Hot Wheels®, American Girl® and Fisher Price®
brands, which include Little People®, Power Wheels® and a wide
array of entertainment-inspired toy lines. In 2012, Mattel was
named one of FORTUNE Magazine's "100 Best Companies to Work For"
for the fifth consecutive year. Mattel also is ranked among
Corporate Responsibility Magazine's "100 Best Corporate Citizens."
With worldwide headquarters in El Segundo, Calif., Mattel employs
approximately 28,000 people in 43 countries and territories and
sells products in more than 150 nations. At Mattel, we are
"Creating the Future of Play." Follow Mattel on
www.facebook.com/mattel and www.twitter.com/mattel.
Note: This press release contains forward-looking statements on
the expected benefits of the transaction which may be affected by,
among other things, Mattel’s post-transaction plans, objectives,
expectations and intentions; the ability to retain key personnel;
ongoing relations between HIT Entertainment and its suppliers,
customers and other parties; and costs and other issues with
respect to integrating HIT Entertainment, its products and its
employees into Mattel and achieving expected synergies. These
forward-looking statements are based on the current beliefs,
expectations and assumptions of Mattel and HIT Entertainment
management with respect to future events and are subject to a
number of significant risks and uncertainties. Additional factors
that may cause results to differ materially from those described in
the forward-looking statements are described in Mattel’s periodic
filings with the Securities and Exchange Commission, including the
“Risk Factors” section of Mattel’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2010 and Mattel’s Quarterly
Reports on Form 10-Q for fiscal year 2011, as well as in Mattel’s
other public statements. Neither Mattel does not update
forward-looking statements and expressly disclaims any obligation
to do so.
MAT-CORP
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50152798&lang=en
Mattel (NASDAQ:MAT)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Mattel (NASDAQ:MAT)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024