Top of the Morning
Hasbro (Nasdaq: HAS) has offered to acquire rival toy-maker Mattel (Nasdaq: MAT), as first reported by the WSJ. Mattel closed Friday trading with a market cap just north of $5 billion, but its shares spiked around 25% in aftermarket trading.
- Why it's the BFD: Because this would be a merger of the country's two largest toy-makers. Plus, it may cause major jealousy issues for Ken, as Barbie and GI Joe would be living under the same corporate roof.
- Bottom line: These are two companies moving in opposite directions, as Hasbro shares are up around 13% this year while Mattel was off 47% before news of a possible sale. One differentiator for Pawtucket, R.I.-based Hasbro has been its strategy of buying toy rights to popular entertainment franchises like Star Wars.
Venture Capital Deals
Private Equity Deals
• Apple (Nasdaq: AAPL) has acquired InVisage Technologies, a Newark, Calif.-based company focused on improving imaging capabilities on smaller devices. InVisage had raised over $100 million since 2007, from firms like InterWest Partners, GGV Capital, Nokia Growth Partners, RockPort Capital, Intel Capital and Arsenal Venture Partners. http://axios.link/R2h2
• Leavitt Equity Partners, a Utah-based private equity firm, is raising up to $125 million for its second fund, per an SEC filing. www.leavittpartners.com
Final Numbers: Private Capital Comp
- More from Preqin report: "Base salary mostly increased for mid-level (i.e., VP and sr. associate) and junior level (i.e., associate/analyst) functions. Across all levels of seniority, the largest proportion (65%) of firms saw no change in base salary at executive management level, and 2% of firms saw a decrease."