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May 13, 1999 - Mattel, Inc. completed its merger with The Learning
Company (TLC) and TLC is now a division of Mattel. Under the agreement, each share of The
Learning Company common stock will be exchanged for 1.2 shares of Mattel.
December 14, 1998 - The Learning Company announced today that it has
entered into a definitive agreement with Mattel, Inc. for the merger of the
two companies. Based on the closing price of Mattel common stock on Friday, December 11,
1998, the transaction would be valued at approximately $3.8 billion.
August 31, 1998 - The Learning Company today announced the completion
of its previously announced merger with Broderbund Software, Inc. The transaction was
approved today by the stockholders of The Learning Company and Broderbund at each
company's respective special meeting of stockholders. As a result of the merger,
Broderbund has become a wholly-owned subsidiary of The Learning Company.
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