Henson Family to Buy Back Muppets

Wednesday, May 7th, 2003

According to Henson Family to Buy Back Muppets, EM.TV made a really bad investment in the Jim Henson Company:

Ailing German media group EM.TV & Merchandising AG said on Wednesday it agreed to sell Jim Henson Company, the maker of the Muppets, to the children of their inventor, the late Jim Henson.

Putting an end to a protracted auction that has been going on for years, EM.TV said it would sell its wholly owned subsidiary completely for $89 million. It bought Henson for $680 million at the peak of the stock market bubble in 2000.

If I recall correctly, Jim Henson died in 1990. EM.TV bought the Jim Henson company for $680 million ten years after his death?

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