Yu-Gi-Oh! Auction Update: 4K Acquisition Corporation (Konami) is the Second Bidder

June 7, 2012 at 6:31 pm | Posted in 4Kids, Other Stuff | 4 Comments
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Shimon Muran chuckling while the pharaoh Atem looks on uncomfortably in episode 201

Surprise. 4Kids’ filings today with the U.S. Bankruptcy Court for the Southern District of New York and a freshly issued press release reveal that the entity that placed a competing second bid on May 31 for the Yu-Gi-Oh! property is… 4K Acquisition Corporation, a newly formed indirect subsidiary of Konami.

An auction for the property took place on Tuesday, June 5 where the Saban-backed stalking horse bidder — Kidsco Media Ventures — and 4K Acquisition both made additional competitive bids. However, the auction was halted after several rounds of bidding so that 4Kids, Kidsco Media, and 4K Acquisitions could negotiate an “alternative transaction” whereby the specific items that 4Kids is auctioning would be split between the two bidders. 4K Acquisition seeks to buy “substantially all” of 4Kids’ properties. Naturally, this alternative transaction will be more favorable to 4Kids than whatever the best bid was before the auction was halted.

If the alternative transaction is not realized, the auction will resume. Regardless of the outcome, 4Kids notes that it isn’t anticipating any delays with the sale.

Update: The date of the sale hearing has been moved (again) from Monday, June 11 to Wednesday, June 20.

4 Comments »

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  1. If 4K Acquisition Corporation (Konami) buys it, then there will be no uncut subtitled releases of every Yu-Gi-Oh series and that would suck! We will never see the Japanese version subtitled, ever! Useless! :(

  2. It’s a bit early to be making such assumptions, don’t you think?

  3. If a Konami subsidiary company buys it, I would be inclined to believe that they will release uncut versions, since they are the Japanese company that controls most of yugioh anyway.

  4. Konami were the company who instituted a lot of card censorship over in the west though as they targeted the younger audience before all others and I’d be inclined to say that they’d likely do the same with the show. That said, it’s still too early to know what they’d do and who’ll actually win the rights but it’s a fair bet that Konami won’t be backing down from this and considering Saban’s really just getting back on their feet properly…well they’ve been back for a few years, but you know.


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