Genius Brands Acquires WOW! Unlimited Media
October 27, 2021
Genius Brands International (NASDAQ: GNUS) has entered into a definitive agreement to acquire WOW! Unlimited Media Inc. for approximately US$53 million in cash and stock, creating a combined animation and digital media company. The deal adds WOW!'s Frederator and Mainframe studios, a large YouTube network and contracted production backlog, expanding Genius Brands' production capacity, audience demographics and monetization channels.
- Buyers
- Genius Brands International, Inc.
- Targets
- WOW! Unlimited Media Inc.
- Industry
- Media & Entertainment
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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