Jakks says no to Oaktree interest

The toy maker wants to fulfill its 'strategic plan'; Says transformative projects are already underway.
Publish date:
Social count:
40_Jakks Pacific.jpg

In an open letter to Oaktree, Stephen Berman, CEO of Jakks said: "The board unanimously believes that this is not the right time to sell the company, and that execution of the company's strategic plan - including potentially transformative projects planned and already underway - will provide significantly greater value to the company's stockholders."

The response follows a letter received by Jakks Pacific from Oaktree Capital Management on September 13th, in which it expressed interest in discussing a "potential going private transaction at $20.00 per share".

He continued: "This is an exciting time for Jakks. The company has entered into key partnerships relating to Monsuno with Nickelodeon, Fremantle, Dentsu and Topps. We believe the Monsuno project and the skill set and key relationships that have been developed to bring it to fruition will lead to similar proprietary projects that should have a positive impact on our share price.

"In addition, the company has a number of new and promising proprietary and licensed products, including Baby Watch, Action Cam, Shogami and Winx Club, which could also be transformative and enhance stockholder value."



Outside Interests

The outdoor market is one of the biggest sectors in the industry, and was worth £361 million for the year up to September 2008. But it is seasonal, and more than any sector, largely dependent on uncontrollable factors such as weather. NPD offers some insight into how it fared recently?

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.