According to WSJ, Mattel (MAT) approached by Hasbro (HAS)

Hasbro Inc. (HAS) has made a takeover offer for rival Mattel Inc., (MAT) according to people familiar with the matter, a potential combination that would unite the two biggest U.S. toy makers and put Barbie and G.I. Joe under the same roof.

Update(s):

November 16, 2017: Mattel Inc (MAT) has rebuffed Hasbro Inc’s (HAS) latest takeover approach, people familiar with the matter said on Wednesday, casting uncertainty over the potential combination of the world’s two largest toy companies.