Mattel in talks to buy Thomas the Tank Engine
This final note today, just to prove not all mergers and acquisitions are mercenary and money-grubbing.
The Wall Street Journal reports today Mattel is in talks to buy Thomas the Tank Engine. If you’ve had small children, been near small children or basically seen small children at any point in the past, what, 20 years, you’ve probably heard of Thomas, and Gordon, and Percy and all the rest.
OK, here comes the mercenary part. Mattel’s going to pay almost $1 billion for the company, Hit Entertainment, over in the U.K.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.