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Business

Mergers & Acquisitions

PlayMonster acquires Automoblox, a line of collectible toy vehicles in the classic wooden toy car category.

VF Corp. completes the sales of its contemporary brands business (7 for All Mankind, Splendid and Ella Moss) to Delta Galil Industries.

People and Entertainment Weekly launch an ad-supported streaming service called the People/Entertainment Weekly Network (PEN). The free 24-hour OTT service will be available as a mobile app, on the People website, and on smart TVs.

Global Brands Group and Katy Perry have joined forces to create a joint venture in a deal that expands on the team’s recent footwear partnership.

Seven North American e-sports teams have joined forces to create an organization dedicated to professional players, titled Professional eSports Association. The new organization will commence operations of its Counter-Strike: Global Offensive league in early January. Founding PEA team franchises include Team Solomid, Cloud9, Team Liquid, Counter Logic Gaming, Immortals, NRG eSports, and compLexity Gaming.

Lifetime Brands has completed the acquisition of the Kitchen Division of Focus Products Group, which sells kitchenware and bakeware products under the Amco Houseworks, Chicago Metallic, and Swing-A-Way brands.

Bedding, rugs and home accents designer and manufacturer Olivia’s Heartland purchases bedding manufacturing IHF Linens (India House Fashions).

British comics publisher Rebellion purchases the archive of Fleetway and IPC Youth group comics.

ITV withdraws its offer to acquire eOne.

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