Arrow-right Camera
News >  Nation/World

Hasbro To Acquire Tiger Electronics

Hasbro Inc., struggling to keep pace with rival Mattel, will buy Giga Pets-maker Tiger Electronics Inc. in a $335 million cash deal that will make Hasbro a leader in electronic toys.

The purchase, announced Monday, comes as Hasbro, the world’s No. 2 toy maker, looks to boost its earnings and sales to better compete with Mattel, the largest global toy maker with Barbie, Cabbage Patch Kids and other popular lines.

“This will help Hasbro lock up the market in handheld electronics,” said Chris Byrne, editor of Playthings MarketWatch, a toy trade publication. “It’s a big move for them competitively.”

Hasbro, best known for G.I. Joe and Monopoly, will buy privately held Tiger for $335 million in a deal expected to close early in the second quarter.


Subscribe to the Morning Review newsletter

Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter

There was a problem subscribing you to the newsletter. Double check your email and try again, or email webteam@spokesman.com

You have been successfully subscribed!


Top stories in Nation/World

Couple, homeless man charged in charitable scam

new  A feel-good tale of a homeless man using his last $20 to help a stranded New Jersey woman buy gas was actually a complete lie, manufactured to get strangers to donate more than $400,000 dollars to help the down-and-out good Samaritan, a prosecutor said Thursday.