CAKE Entertainment principals Edward Galton and Tom van Waveren, have agreed to buy back the 51% of shares in CAKE Entertainment previously held by Zinkia.
The transaction, which was funded by private capital, was completed today and will take effect immediately. With this transaction all existing legal and commercial ties between CAKE Entertainment and Zinka will cease. This includes CAKE’s representation of the Pocoyo property.
The transaction terminates a three year partnership, which began when Zinkia invested in CAKE Entertainment by taking a 51% share ownership in 2011.