QUICK SPARK: Barbie Maker Mattel Eyes Best Day Since 1996 on Takeover Talks

Mattel Inc. (NASDAQ: MAT) shares surged approximately 25% on Thursday, reaching around $15.80, marking the company's largest single-day gain since 1996. This increase follows reports of takeover discussions with Authentic Brands Group, which is considering an offer exceeding $20 per share, valuing Mattel at over $6 billion—about 58% higher than its previous closing price of $12.66. Prior to the news, Mattel's market capitalization was approximately $3.6 billion.