Acquisition Attempts
On July 23, 2008, American Greetings announced that the Care Bears (along with Strawberry Shortcake) would be sold to Cookie Jar Entertainment in an acquisition due to take place on September 30, 2008. By April 2009, it was announced that Cookie Jar Entertainment had problems in financing the acquisition and that a French company called MoonScoop has also expressed interest in the franchise. The deadline for Cookie Jar's acquisition was April 30, and MoonScoop's attempt June 7. In mid-August 2009, MoonScoop sued American Greetings, claiming the latter backed out of the planned US$95 million deal; AGC and Cookie Jar sued each other in the process as well. In late April 2010, the Cleveland company "won summary judgment on MoonScoop SAS' contract", as well as "promissory estoppel claims" in the case; MoonScoop filed for an appeal the following month.
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