Article: Cookie Jar Entertainment To Acquire American Greetings' Strawberry Shortcake and Care Bears Properties.

Companies reach definitive settlement of litigation relating to Cookie Jar's acquisition of DIC Entertainment

CLEVELAND and TORONTO, July 23 /PRNewswire-FirstCall/ -- American Greetings Corporation and Cookie Jar Entertainment announced today a transaction through which Cookie Jar will acquire from American Greetings the Strawberry Shortcake and Care Bears properties for $195 million. The announcement was made by Cookie Jar CEO Michael Hirsh and Josef Mandelbaum, CEO Intellectual Property Group at American Greetings.

Since being re-introduced in 2002, Strawberry Shortcake and the Care Bears have generated more than $5 billion combined in retail sales ...

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