Publicly-traded Alloy Inc. has agreed to buy bought by an investor group led by ZelnickMedia in a cash deal valued at $126.5 million. The purchase price is a 14 percent premium over yesterday’s closing stock price. Alloy’s senior management is also investing in the deal. Other investors include Natixis Caspian Private Equity, Rosemont Solebury Co-Investment Fund, and GenSpring Family Offices. Former Nickelodeon ceo Geraldine Laybourne will take over as chairman of the board, with co-founders Matt Diamond and Jim Johnson staying on as ceo and coo. Former coo of Marvel Entertainment Bill Jemas is also joining the board. Strauss Zelnick […]
