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Mattel shares soar on Hasbro takeover reports

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Shares in Barbie toymaker Mattel have increased by 20 percent on reports rival toy giant Hasbro is considering a buyout.

Hasbro, whose brands include Play Doh and My Little Pony, also watched its shares rise 6 percent on the reports.

Mattel is valued at $6 billion, while Hasbro is double that.

Read more from BBC News.

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