A Second Bidder Emerges for 4Kids’ Auction of Yu-Gi-Oh! PropertyMay 31, 2012 at 11:47 pm | Posted in 4Kids, Other Stuff | 8 Comments
Today, May 31, was the final day for parties interested in purchasing the Yu-Gi-Oh! property from 4Kids Entertainment to enter a bid. The sale had kicked off in mid-April with a $10 million stalking-horse bid by Kidsco Media Ventures, a newly founded firm backed by the Saban Capital Group. After an otherwise quiet few weeks, 4Kids has now revealed on Facebook that another bidder has been accepted! Who is this second company or entity that could potentially take over the multimillion-dollar Yu-Gi-Oh! franchise?
Now that there is more than one interested buyer, an auction will be held on Tuesday, June 5 to determine the highest or best bid. A hearing to finalize the sale will take place a week later on Monday, June 11.
Update (June 1): Heh, 4Kids yanked the announcement from Facebook. Looks like someone had posted it before first thinking it through.