Insights and obervations from someone who has been there and back again
Yesterday, 4Kids announced that Konami subsidiary 4K Acquisition Group entered the fray in the company’s bankruptcy auction. 4K Acquisition made a competing bid last week against stalking-horse bidder Kidsco Media Ventures’s initial bid. After a number of competing bids between the two companies, the auction was halted, to allow the two companies to negotiate an [...]
Earlier today, the US Bankruptcy Court granted Borders an extra 120 days to file its plan for a successful exit from bankruptcy. Judge Martin Glenn granted the request, despite objections filed by the Creditors Committee, which represents the following publishers: Harper-Collins Penguin Perseus Books Group Random House With the extension, Borders has until October 14 [...]
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4Kids Sells Yu-Gi-Oh, CW Network Assets To Konami & Kidsco
Earlier today,the United States Bankruptcy Court in the Southern District of New York filed documents granting the sale of several of 4Kids’s assets to a joint bid by Saban’s Kidsco Media Ventures, LLC and Konami’s 4K Acquisition Corp. 4Kids curried the idea of a joint bid after a June 5 auction for the company’s assets, [...]