LeapFrog declined MGA's first offer last month, choosing instead to be acquired by VTech Holdings.

LeapFrog “worth a lot more than $1 a share” states MGA founder, as he readies fresh bid

MGA Entertainment founder and CEO Isaac Larian is readying a fresh bid for LeapFrog, after his initial bid was rejected last month.

LeapFrog intead opted to go ahead with a deal to be acquired by VTech Holdings for $1 a share, but Larian, who claims to already own a “significant” amount of LeapFrog stock, believes the firm is worth more.

“I don’t think I’m the type of person who goes away fast,” Larian told Bloomberg.

“That company is worth a lot more than $1 a share, that’s for sure. The brand has a lot of value.”

LeapFrog raised doubts about Larian’s financing and how long a deal would take to be completed, stating ‘a significant delay in the completion of the merger could put at risk the ability of the company to continue operations’.

About Robert Hutchins

Robert Hutchins is the editor of ToyNews and its sister title, Licensing.biz. He has worked his way from Staff Writer to Editor across the two titles, having spent almost eight years with both and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@bizmedia.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

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