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Mattel Strikes Deal With JV Partner NetEase To Acquire Full Stake Of Mattere163 Mobile Games Studio For $159M

Benzinga·02/10/2026 21:13:48
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Mattel, Inc. (Nasdaq: MAT), a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world, today announced an agreement with its joint venture partner, NetEase, a leading internet and game services provider, to acquire full ownership of the Mattel163 mobile games studio. The transaction is expected to be completed by the end of Q1, subject to customary closing conditions.

The transaction values Mattel163 at $318 million, with a purchase price of $159 million for NetEase's 50% interest. More than half of the purchase cost is expected to be funded from Mattel's share of the JV's cash, which is not consolidated on Mattel's balance sheet. It will be immediately accretive for the company.