Hensons Buy Back Miss Piggy

In a surprise move, heirs of Jim Henson have bought back the Muppet creator’s company for the discount price of $78 million. “The Henson family decided only two weeks ago to bid for The Jim Henson Co., which they will buy for a fraction of what Munich-based EM.TV paid for it, according to Brian Henson, the son of the company’s late founder. Munich-based EM.TV bought the company, and the rights to characters such as Kermit the Frog and Miss Piggy, in February 2000 for $680 million in cash and stock.”