René Rechtman, CEO and co-founder of Moonbug Entertainment, was gearing up to launch an IPO for his 3-year-old digital kids’ content company.
But earlier this year, two of his former Disney colleagues — Tom Staggs and Kevin Mayer — came calling with an offer he couldn’t refuse. The duo dangled $3 billion in cash and stock for Moonbug to become part of their new media company, backed by privateequity firm Blackstone, according to sources familiar with the deal.
“We had no plans of selling our business. We’re growing like wildfire, and we had a lot of banks pitching up to go public next year,” says Rechtman. After some internal debate, he and his co-founder, chief operating officer John Robson, decided to accept the deal: “In Tom and Kevin, we see…
