January 26th-28th 2010 @ Olympia, London
Toy Fair is the only dedicated toy, game and hobby exhibition in the UK.
February 7th-11th 2010 @ NEC Birmingham
Spring Fair International attracts buyers from the world’s stores, independents and mail order retailers.
July 9th 2010 @ Powerleague Barnet
Do you have five men with two legs who can kick a ball and fancy their chances on the pitch?
Canadian firm Optimal enters purchase agreement to acquire Robosapien manufacturer for $65 million.
Optimal Group hopes the acquisition will allow it to expand its consumer technology platform and build corporate brands while developing a cross-platform media entertainment strategy.
The acquisition applies to WowWee Limited, the privately held Hong Kong-based developers, marketer and supplier of consumer robotic toy and electronic products such as Robosapien. It also applies to the subsidiaries WowWee Marketing and WowWee Group.
The deal will cost the Optimal Group a total of $65 million. $55 million of this will be paid in cash while $10 million will be paid via Optimal Group Class A shares. The deal also includes a warrant to purchase up to an addition 820 Class A shares at a price of $5.56 per share.
WowWee Senior management and shareholders will continue to be employed after the deal is complete, which is expected in the fourth quarter of 2007.
The Canadian firm plan to expand WowWee’s sale channels outside the US and its product design, development and production of SKU’s as well as begin entertainment, licensing, publishing and merchandising activities.
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