Pokemon trainer club in Florida to close as owners bid $200M to buy the club
— Disney Enterprises Inc., the world’s largest entertainment company, and the Miami-based Pokémon Trainer Club Inc. are buying the Florida-based breakfast club, breakfast club and casino company in a deal that will see Disney and Pokémon Enterprises merge into one company, according to people familiar with the deal.
The two companies have been in talks about the deal since November, the people said.
The acquisition of the Pokémon franchise by the two companies would mark the second time in the last three years that Disney has bought smaller companies, and would add to its efforts to diversify its business.
Disney and the Pokémon Company have also bought a number of sports brands in recent years.
The deal also is subject to regulatory approval.
Disney declined to comment.
The combined companies would control a total of 3.1 million shares of Disney common stock, or about $50 million.
The transaction is expected to close in the second half of 2017, people familiar at the time of the deal said.
Disney’s purchase of the breakfast club and breakfast club franchise comes at a time when Disney is exploring options for its larger entertainment brands.
The company has been trying to sell off smaller brands as part of an effort to focus on core entertainment properties and the future of its core brands.