Announced
Financials
Tags
Acquisition
Pending
Friendly
Private
Domestic
Toys
recreational products
United Kingdom
Single Bidder
Majority
Synopsis
Spin Master, a global children's entertainment company, agreed to acquire Rubik's Brand, a widely popular mechanical puzzle manufacturer, for $50m. "The Rubik's Cube is an iconic puzzle that has permeated pop culture and captivated fans for more than 40 years. We are excited for the opportunity to put our marquee innovation on the entire Rubik's portfolio and expand distribution through our global footprint," Elizabeth LoVecchio, Spin Master Marketing Vice President.
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