Mattel (MAT) acquires HIT Entertainment for $680M from a consortium led by Apax Partners. The...

|By:, SA News Editor

Mattel (MAT) acquires HIT Entertainment for $680M from a consortium led by Apax Partners. The deal adds Thomas & Friends, Barney, and Angelina Ballerina to its deep arsenal of preschool toys. The deal is expected to be financed with a combination of cash and debt and is expected to close in Q1 of 2012.