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Business

M&A & Other Business

Ravensburger acquires ThinkFun, a U.S. developer of logic and STEM-based games. ThinkFun will continue to operate independently as a subsidiary of Ravensburger North America. Co-founder Bill Ritchie remains as CCO, as well as all directors and staff.

Universal is in talks to sell its stake in Oriental DreamWorks, the China-based joint venture animation company, according to The Financial Times.

Winner Media is reportedly looking to sell its majority interest in the Rolling Stone media brand.

Collegiate multimedia rights and sponsorship holders IMG College and Learfield are negotiating a 50/50 partnership that combines IMG’s media roster of nearly 90 universities and conferences with Learfield’s 130+ collegiate partners, according to Forbes and SBJ. It is unclear if the merger includes affiliate IMG College Licensing, the consumer products licensing agent for over 200 schools, conferences, and bowl games. The blended organization would represent more than 70% of Division I universities, including 85% of the Power 5 member schools. It is expected that Learfield’s current President & CEO, Greg Brown, would become head of the newly combined entity, although details of the framework are still being negotiated, according to reports.

Rovio launches its IPO on the Helsinki stock exchange, valuing the company at almost €900 million, or just over $1 billion. Tencent tried to acquire the company in June in a deal that valued Rovio at $3 billion.

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