VTech to Acquire Once-Popular Toymaker LeapFrog for $72M

VTECH, a Hong Kong-based educational toymaker, has made an offer to acquire Californian toymaker LeapFrog for $72 million. According to a press release, the offer amounts to $1 per outstanding share of LeapFrog, roughly a 75 percent premium on the current price of LeapFrog's stock. The boards of directors of both companies have approved the offer, which will go into effect March 3, 2016. LeapFrog's value has steadily decline over the past decade, with shares down 20 percent in 2016 and 85 percent in 2015, according to Bloomberg.

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