Deals
Foxconn-Backed Fuhu Files for Bankruptcy With Offer From Mattel
- Maker of tablet computer for kids plans to sell all assets
- Proposes January auction starting with $9.5 million Mattel bid
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Fuhu Inc., the Foxconn Inc.-backed maker of a $9.99 tablet computer for children, filed for bankruptcy to auction its assets, with a starting bid of $9.5 million from Mattel Inc.
Fuhu makes “nabi Pass Tab,” an Android-based tablet loaded with content from providers including Walt Disney Co., Discovery Communications Inc. and National Geographic Kids, according to the company website. Partners also include Chase Paymentech, PayPal and Skype.