Third Party Eyes 4Kids

Along with its Q1 financial results, 4Kids Entertainment announced that it received a "non-binding indication of interest" from an unnamed third party to acquire the company.4Kids reports that it intends to talk with the potential buyer, whom wo

April 6, 2018

Along with its Q1 financial results, 4Kids Entertainment announced that it received a "non-binding indication of interest" from an unnamed third party to acquire the company.

4Kids reports that it intends to talk with the potential buyer, whom would acquire the company for a price representing a premium over the recent closing prices of its common stock. However, 4Kids stated, "There can be no assurance that any transaction with the potential acquirer will be concluded."

4Kids' net revenues for the three months ended March 31, 2010, totaled $4.2 million, compared to $9.3 million for the same period in 2009. The company's net loss was $3.5 million, compared to $2.0 million for the same period in 2009. Meanwhile, 4Kids' market capitalization has fallen below the minimum $15 million market capitalization required by the New York Stock Exchange to remain listed.

"In the first quarter of 2010, our revenue decreased from the comparable period in 2009 due to lower licensing revenue and reduced television

advertising revenue," says Alfred R. Kahn, chairman and chief executive officer of 4Kids Entertainment. "Although first quarter 2010 Yu-Gi-Oh! revenues were essentially flat, the company received reduced licensing revenues from several properties formerly represented by the company."

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