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Fuhu Holdings Files for Chapter 11 Bankruptcy Protection

Submitted by jhartgen@abi.org on

Fuhu Holdings Inc., a maker of kid-friendly computer tablets, filed for chapter 11 protection, Reuters reported today. The El Segundo, Calif.-based startup, which Forbes called America's most promising company in 2014, said that it had assets and liabilities of $10 million to $50 million. Fuhu launched last week a monthly subscription service for children aged 3-14 with content from Walt Disney Records, DreamWorks Animation and National Geographic Kids.