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Canadian toymaker buys iconic Rubik's Cube for US$50M


The Beat 92.5
Canadian toymaker buys iconic Rubik s Cube for US$50M
By Rick Da Conceicao
Andrew Spencer / Contributor / Moment / Getty Images
Canadian toymaker Spin Master Corp. has acquired Rubik’s Cube for US $50 million.
The Toronto-based company initially announced its intention to acquire the famous legendary brand/toy on October 27, 2020, but it wasn’t until Tuesday, the acquisition was official.
Spin Master says, “it will continue the 3D puzzle s legacy, with plans for further innovation across the entire Rubik s portfolio and expanded distribution through the company s global footprint”.
The company has acquired 22 toy brands since its launch in 1994, and 12 since its initial public offering in 2015. ....

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