A hedge fund founded by golfer Greg Norman is bidding $10 million for the bankrupt manufacturer of the Nabi children’s tablet, the Wall Street Journal reported today. Great White Shark Opportunity Fund LP, a hedge fund founded by the golfer in 2013, made an 11th-hour offer on Wednesday for Fuhu Inc., topping an initial offer from children’s retail giant Mattel Inc. The tablet maker selected the fund, an investment arm of Norman’s sprawling Great White Shark Enterprises, lead bidder for its business at a hearing in U.S. Bankruptcy Court in Wilmington, Del. The fund has also agreed to finance Fuhu’s bankruptcy case with a bankruptcy financing package.
