Mattel Wins Auction for Bankrupt Nabi Tablet Maker – Wall Street Journal

Toy giant Mattel Inc. is preparing to take over the bankrupt manufacturer of Nabi children’s tablets after winning a bankruptcy auction earlier this week with a $21.5 million bid.

Court papers show Mattel put in the highest offer for the brand of colorful tablets made by Fuhu Inc., which went up for sale after the El Segundo, Calif., company filed for bankruptcy in December. Fuhu has sold more than 4 million tablets through…