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Article: Cookie Jar Entertainment To Acquire American Greetings' Strawberry Shortcake and Care Bears Properties.
- Article from:
- PR Newswire
- Article date:
- July 23, 2008
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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 ...