Mattel concludes Hit Entertainment deal

Firm completes Hit acquisition from consortium of funds led by Apax Partners for $680 million in cash.
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Mattel previously announced its proposed acquisition of Hit Entertainment on October 24th, 2011.

The acquisition combines Mattel’s global marketing, distribution and brand management capabilities with Hit Entertainment’s global programming and licensing expertise to accelerate growth of the combined portfolio.

"Mattel is thrilled to welcome the Hit Entertainment talent to our family under the direction of Fisher-Price executive vice president, David Allmark,” said Bryan Stockton, chief executive officer of Mattel.

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