Troubled toymaker Jakks Pacific Inc. is nearing a sale to rival Just Play in a bid backed by private equity firm Centerbridge Partners, according to people familiar with the matter.
Closely held Just Play is in exclusive talks to buy Jakks Pacific in a deal worth 80 cents to 90 cents per share, said the people, who asked not to be identified because the matter isn’t public. A deal could be announced by the end of the month, they said.
