GNUS - Genius Brands announces strategic investment in Germany's 'Your Family Entertainment'

Genius Brands International (GNUS +1.3%) to acquire a 28.6% interest in Your Family Entertainment AG , to be followed by a mandatory tender offer of the outstanding shares of YFE. YFE is one of Europe’s largest distributors and broadcasters of high-quality programs for children and families, which brings a global award-winning streaming and broadcast footprint on satellite, cable, OTT, and terrestrial networks.  Company has agreed to acquire 3M shares of YFE for €6M to be followed by a mandatory tender offer to acquire additional outstanding shares of YFE at €,2.00 per share. Andy Heyward, Chairman & CEO stated: “We believe the strategic transaction with Germany’s YFE, added to the IP assets and earnings of Canada’s WOW! Unlimited Media, will present us with additional growth opportunities in furtherance of our goal of becoming the leading provider of quality and responsible children’s entertainment in the world today, and for years to come.” Also read: 'Genius Brands confirms $53M

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Genius Brands announces strategic investment in Germany's ‘Your Family Entertainment'