MGA Entertainment, Inc. said on October 9, 2023 that it intends to merge with Zapf Creation AG (MUN:ZPF) as the two companies have been collaborating for nearly 20 years. For this purpose, MGA?s wholly-owned German subsidiary has approached Zapf with an invitation to enter into negotiations. Through its unit, MGA is currently a major shareholder of Zapf.

Moreover, the two companies have been partnering in the sales and distribution of their respective brands for nearly 20 years. According to the statement, the merger is expected to close in spring of 2024.