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Toy Industry
Mattel to compete with Lego with $460 million Mega acquisition
Mattel to compete with Lego with $460 million Mega acquisition

Mattel Inc. dominates the market for dolls with its Barbie, Monster High and American Girl brands. But now it also wants to play with blocks. The El Segundo giant is paying $460 million to buy Canadian construction toy company Mega Brands Inc. as it pursues what it calls a “strategic imperative” to grow beyond the categories upon which it has relied for years. The acquisition essentially heralds a turf war between Mattel and Danish company Lego, which makes the popular plastic bricks currently being featured on-screen in box-office king “The Lego Movie.” Lego said Thursday that its global sales rose 10% last year even as the toy industry slipped slightly....

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