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Tag: Kirkbi
It sounds like LEGO Fortnite could be the next VIDIYO
Epic Games’ latest press release suggests its partnership with the LEGO Group could be paving the way for a Fortnite theme not dissimilar to VIDIYO. That aborted augmented-reality theme was the LEGO Group’s most recent attempt to blend the worlds of physical and digital play, following on from 2019’s Hidden Side. A lacklustre reception and…
LEGO owners invest $1bn in Fortnite developer Epic Games
The LEGO Group’s parent company KIRKBI has invested a whopping $1bn in Epic Games, the developer and publisher behind Fortnite. The investment forms half of Epic Games’ latest round of funding, with a further $1bn coming from Sony. It’s apparently all part of the company’s vision to ‘build the metaverse and support its continued growth’,…
LEGO pledges £11.5m to support vulnerable children in Afghanistan and Haiti
The LEGO Group owners KIRKBI and the LEGO Foundation have announced an £11.5m grant to support vulnerable children in Haiti and Afghanistan. That’s equivalent to 100m DKK, 85% of which will be split across UNICEF, the UN Refugee Agency, and Education Cannot Wait. The remaining 15m DKK will then be distributed according to need as…
The LEGO Group’s founding family plans investments to tackle plastic waste
Kirkbi, the $20 billion fund that oversees assets on behalf of the founding family of the LEGO Group, is looking to invest in at least one project that offers alternatives to plastic this year. Kirkbi is chaired by Kjeld Kirk Kristiansen, the grandson of the LEGO Group’s founder, who is estimated to have a net…
LEGO Group owners’ private investment company loses $150 million in one day
KIRKBI A/S, the Kirk Kristiansen family’s private holding and investment company, has suffered a dramatic loss of $150 million in a single day. ISS A/S, a Danish office-service firm, issued a profit warning last Wednesday, alerting investors to an imminent drop in profits. The announcement wiped 20% off the company’s market value, reports Bloomberg, which…
Merlin Entertainments shareholders vote in favour of selling to LEGO owners
The deal for the LEGO Group’s owning family, the Kirk Kristiansens, to acquire Merlin Entertainments, was approved by shareholders today. In June, it was announced that the Kirk Kristiansen family through KIRKBI A/S along with Blackstone and the Canada Pension Plan Investment Board intended to buy Merlin Entertainments. While the family, who founded and own the…
LEGOLAND buyout unlikely to delight shareholders
While the LEGO Group’s founding family might be keen to buy Merlin Entertainments and the LEGOLAND parks, the shareholders are less likely to be happy about the move. Shareholders are not likely to be overjoyed that the LEGO Group’s owners and Blackstone, along with CVC, want to take Merlin Entertainments – and the LEGOLAND parks…
LEGO owners to buy back LEGOLAND with help from private investors
The LEGO Group’s owners, along with private investment companies, are set to buy Merlin Entertainments from the current shareholders. In 2005, the LEGO Group sold the company’s LEGOLAND theme parks to Blackstone Capital Partner when the Billund based company was in financial trouble. LEGOLAND became part of an attractions company, Merlin Entertainments, which the LEGO…
Kirk Kristiansen family move up the Forbes rich list
The Kirk Kristiansen family are reaping the financial rewards of the LEGO Group’s success in recent years, as the family has moved 30 spots up the Forbes rich list. The annual list sees the founding family move to the 35th spot this year. The Copenhagen Post highlights the additionally impressive statistic that going back to…
