(Adds details from WSJ report, Hasbro response, background)Nov 10 (Reuters) - U.S. toymaker Hasbro Inc has made a takeover approach for rival Mattel Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. Hasbro's approach was made recently, the WSJ said, citing one person. (http://on.wsj.com/2yPm6PV)Hasbro, the maker of Disney Princess dolls and Star Wars action figures, declined to comment on the report. Mattel, the maker of Barbie and Hot Wheels, has been struggling to boost sales. Mattel's shares jumped 20 percent in after hours trading, while Hasbro rose 2.2 percent.

Source: Times of India November 10, 2017 22:30 UTC