TITLE

Consortium acquiring Cinar for $144 mil

AUTHOR(S)
Bennett, Ray; Pryor, Peter
PUB. DATE
November 2003
SOURCE
Hollywood Reporter -- International Edition;11/4/2003, Vol. 381 Issue 7, p99
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
A consortium led by children's programming veterans Toper Taylor and Michael Hirsh is to acquire embattled kids TV and educational company Cinar Corp. for $143.9 million. Taylor and Hirsh, backed by TD Capital Canadian Private Equity Partners, signed an agreement Thursday to acquire Cinar's outstanding multiple and limited voting shares, including the 62% controlling stake held by company cofounders and one-time co-CEOs Micheline Charest and Ronald Weinberg. Hirsh and Taylor have more than 50 years of combined experience as entrepreneurs and business builders in the global kids and family entertainment arena. Hirsh was a founder and former CEO of animation leader Nelvana Ltd. and Taylor was formerly president of international distribution, marketing and consumer products at Nelvana and was president of Nelvana Communications, the company's Los Angeles-based sales and development office.
ACCESSION #
11490909

 

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