4Kids Retains Financial Advisor to Consider Strategies
posted on by Egan Loo
The licensing and distribution company 4Kids Entertainment has confirmed on Wednesday that it has retained the financial advisor Montgomery & Co. to help evaluate its strategic alternatives. 4Kids' Board of Directors plans to consider options "including, but not limited to, asset sales, alliances with strategic partners, and/or a sale of the Company through a merger or other corporate transaction." 4Kids notes that it may decide to execute none of these options.
This is the first public comment 4Kids has made since the paidContent.org website reported on Tuesday that 4Kids is discussing a "selective bidding process" with a few potential buyers. However, 4Kids adds that it does not plan to comment further on its evaluation process until the process ends or until it decides otherwise. 4Kids' past and current anime licenses have included Pokémon, One Piece, Tokyo Mew Mew, Kirby: Right Back At Ya!, Sonic X, Yu-Gi-Oh!, Shaman King, and Dinosaur King.
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