Adobe stock its secondworst day past software#
It’s easy to sell the idea of a retail bank buying a mortgage provider, a traditional toy maker merging with a technology platform or a software maker buying a handset maker to shareholders.īut a narrative isn’t enough. What do all of these deals have in common?Ī narrative. Read also: Successful and Failed Mergers and Acquisitions to Learn From Conclusion Just two years later, Mattel sold the Learning Company for about a tenth of what it bought it for, with no strategy, no products and no synergies to show for the acquisition. It was telling that he also thought of a completely interactive children’s plush toy but wouldn’t commit to how long it would take to arrive on the market. Adobe’s three worst days of the year have come in December, pushing the stock down 16 for the month and putting it on pace for its steepest monthly decline since June. Sensing a move away from traditional toys towards video game consoles, Mattel felt that the Learning Company would give it a software platform to build on.Įven the CEO of the Learning Company said of the deal at the time: “ the lines of distinction between consumer software and toys begin to grey or blur when you get out past two years.’ CNBC reports: The stock suffered its second-worst drop in the past decade, surpassed only by a 15 slide in mid-March of last year, when coronavirus panic rattled the markets. Cancel risk-free before your free trial ends and you won’t be charged. That was one of the premises behind Mattel acquiring the Learning Company in 1998. Add a 30-day free trial of Adobe Stock and get up to 10 standard assets. Active funds take big positions despite elevated bond yields. How could anybody not get behind a deal that was billed as ‘Barbie meets Carmen Sandiego’? Nasdaq 100 drops as Apple and Nvidia see second-worst falls. Mattel and the Learning Company (1998): US$3.8 billion
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