# Southeastern Asset Management oversees 4% of Mattel's stock.

*business · news · 2026-05-08 · Los Angeles Times*

## Key points

- Southeastern Asset Management publicly urged Mattel to sell itself and go private.
- Southeastern suggested private equity firms, toy competitors, or media companies as possible buyers.
- The open letter was originally sent to Mattel's CEO in mid-March before recent layoffs.
- Southeastern cited Mattel's slow share price recovery and disappointing holiday sales as concerns.
- Mattel acknowledged Southeastern's letter and stated it will consider all shareholder perspectives.

**Companies:** Mattel, Southeastern Asset Management, Hasbro

[Read the full story on Los Angeles Times](https://www.latimes.com/business/story/2026-05-08/mattel-investor-campaigns-to-take-company-private)

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