Mattel shares jump after reports of takeover interest from Authentic Brands Group

RECENTLY GONE OUT. IT WOULD POSITION THE COMPANY TO BEGIN TRADING PUBLICLY BEFORE THANKSGIVING, WITH FORMAL MARKETING BEGINNING THE WEEK OF NOVEMBER 9TH. >> AND SHARES OF MATTEL JUMPING BY NEARLY 19% IN YESTERDAY'S SESSION. AFTER THE WALL STREET JOURNAL REPORTED THAT THE TOYMAKER HAD ATTRACTED TAKEOVER INTEREST FROM AUTHENTIC BRANDS GROUP. AUTHENTIC IS A BRAND LICENSING COMPANY THAT OWNS REEBOK, GMS, BROOKS BROTHERS, SPORTS ILLUSTRATED AND DOZENS OF OTHER POPULAR RETAIL LABELS. A PERSON WITH THE FAMILIAR WITH THE TALKS CONFIRMED TO CNBC THAT THERE ARE DISCUSSIONS, BUT WARNED THAT THESE TALKS AND THEIR WORDS ARE VERY PRELIMINARY. MATTEL AND AUTHENTIC DECLINED TO COMMENT. EARLIER THIS WEEK, MATTEL CEO YNON KREIZ RESIGNED TO TAKE THE CEO JOB AT PARAMOUNT, AND CONDE NAST CEO ROGER LYNCH WAS NAMED MATTEL'S NEW CEO. >> IT'S GOOD THAT THAT DIDN'T HAPPEN LIKE A COUPLE OF DAYS EARLIER FOR YNON KREIZ. >> WELL, I THINK IT MAY HAVE HAPPENED IN PART BECAUSE OF. >> RIGHT. BUT IF IT IF IT DID AND IT'S LIKE HE'S LEAVING STOCK UP 20%, THAT'S WHAT YOU HATE. >> WHEN THE. >> NEWS WAS. >>