This move aligns with Collective Artists Network's goal to become the country's top new media company rooted in popular culture and expanding its influence in the media industry.
This strategic acquisition is valued at $950 million in cash and is set to facilitate an amalgamation of Melissa and Doug's esteemed expertise in early childhood toys with Spin Master's portfolio.
The fifth edition of the much-anticipated tournament is scheduled for December this year, with all matches slated to take place at the Balewadi Stadium in Pune.
With long-standing legacies as award-winning products that ignite kids? imaginations, both Slinky and Shrinky Dinks will continue to inspire creativity and innovation with new products from Just Play arriving at retailers this fall.
Prive CEO David Schottenstein will keep a 15.5% stake in the company, with the remainder held by actor Jamie Foxx and actresses Hailee Steinfeld and Ashley Benson.
The acquisition will add another top-grossing game to Scopely?s live service portfolio, expand its in-development pipeline, and bring a highly experienced team to Scopely?s business.