4Kids increases TC Websites stake

Firm gains operational control of company responsible for Chaotic website.
Author:
Publish date:

4Kids Entertainment has purchased an extra five per cent of TC Websites, taking its holding to 55 per cent and meaning it now has operation control of the company.

TC Websites was established as a multi-platform games company and operates the Chaotic online gaming website, which is tied into the trading card game.

The purchase price for the additional five per cent was $650,000. The increased share allows 4Kids to consolidate earnings into its own financial statements, subject to minority interest.

In addition, 4Kids also increased its ownership in TC Digital Games, which handles the TCG side of the Chaotic property, to 55 per cent by buying a further two per cent for $200,000.

Related

Featured Jobs