Rumor: 4Kids and TheCW4Kids to be acquired by 3rd Party
4Kids Entertainment, the company forever connected with Pokemon, Yu-Gi-Oh!, TheCW4Kids, dubbing issues, Al Kahn, Chaotic, Toonzai, and more, could soon be owned by an entirely new company. At least, that is the current report brought to ToonBarn. After a bit of investigating, it appears a company called Prescott Group Capital Management has purchased a number of shares of stock in the licensing company. Whether this means they’ll attempt to take over 4Kids, partner, or build up the company has yet to be seen. Stay TOONed for more details, and also let us know what you think! Would you buy 4Kids?
Prescott Group Capital Management reported in a mandated U.S. Securities and Exchange Commission filing on April 30 that it acquired 2,414,209 shares of 4Kids Entertainment. These shares represents 18% of the outstanding shares of 4Kids’ common stock. According to Prescott, 4Kids is “undervalued and represented an attractive investment opportunity.” However, Prescott added that the investment was “not made for the purpose of acquiring control” of 4Kids. Source: DealFlow Media