 On November 10, 2017, the "Wall Street Journal" reported that Hasbro, Inc. had made a takeover offer for Mattel, Inc. At the time, Mattel worth was $5 billion, while Hasbro was about $11 billion.On November 15, 2017, Reuters reported that Mattel rejected the offer.Mattel formed with Chinese internet technology and video game company NetEase in January 2018 a joint venture, Mattel163, a mobile publishing and development studio.