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

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

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VTech acquires LeapFrog for $72m

"The acquisition will allow us to offer the broadest portfolio of products that enhance the education and development of children,” said Allan Wong, VTech’s chief executive officer.

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