Moonbug Entertainment Ltd., the company behind hit children’s shows “CoComelon” and “Blippi,” is close to a deal to sell to a media company backed by private-equity firm Blackstone Inc., according to people familiar with the matter.
The deal would value Moonbug at more than $2.75 billion, the people said. The talks are advanced and the deal could be announced in the coming days, the people said. Terms aren’t finalized and the deal could still fall apart.
Visit Wall Street Journal to read this article.
