Following last month’s speculation around a potential sale, it looks like UK-based Coolabi, which holds the media rights to such properties as Bagpuss and produces the Poppy Cat children’s series, will be acquired by private equity group North Promotions.
The independent directors of Coolabi have reportedly reached an understanding with North, which is the primary shareholder for the company, for an estimated sale of US$6.6 million.
Of course, any offer remains subject to a number of pre-conditions and due diligence.
Newsletter
