Mattel buying Thomas the Tank Engine's parent

Thomas the Tank Engine is shown at the Toy Wishes Holiday Preview on Tuesday, Oct. 2, 2007 in New York. The Thomas at Tidmouth Sheds: Trackmaster Railway System features a remote control that can change the expression on Thomas' face. (AP Photo/Mark Lennihan)

October 24, 2011 7:25:07 AM PDT
Mattel has agreed to buy the company behind Thomas the Tank Engine and Bob the Builder for $680 million in cash, the toy maker's biggest acquisition in a decade.