Monday, February 8, 2016

VTech Acquiring LeapFrog In $72M Deal

Emeryville-based LeapFrog Enterprises, the developer of kids' electronic learning and educational toys, is being acquired by Hong Kong-based VTech Holdings, the companies said over the weekend. VTech said it would pay approximately $72M in cash for LeapFrog, via a tender offer. VTech said it would pay $1.00 per share for LeapFrog, a 75.4 percent premium over that company's shares on February 4th.