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For sale: Coolabi?

After a jump in its share price yesterday, UK entertainment and rights management company Coolabi has confirmed that it has been approached by a third-party suitor for a possible takeover.
August 9, 2011

After a jump in its share price yesterday, UK entertainment and rights management company Coolabi has confirmed that it has been approached by a third-party suitor for a possible takeover.

The company issued a statement saying that the possible offer may or may not lead to a concrete offer, as discussions are at a very early stage.

The firm, which produces preschool series Poppy Cat, saw its share price rise 18% to 8.88 pence on the London Stock Exchange after confirming the takeover approach.

About The Author
Wendy is Kidscreen’s Associate Editor. When she’s not sourcing material for the brand's daily email newsletter, she’s researching, writing and connecting with others about the newest trends in digital media. Contact Wendy at wgoldman@brunico.com.

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