Entertainment and merchandising-licensing company 4Kids Entertainment Inc. won approval to sell its Yu-Gi-Oh! business and CW television-network assets in a $15 million joint deal with two companies that were originally dueling at auction, Dow Jones DBR Small Cap reported today. Bankrutpcy Judge Shelley Chapman yesterday approved the transaction with affiliates of Saban Capital Group Inc. and Konami Digital Entertainment Inc. The deal will also bring in enough money to repay creditors in full and allow equity holders to see some recovery, according to company attorneys.
