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
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