Stat of the day: £4.2m

The amount Bagpuss owner Coolabi is to be bought out for.

by
Last Updated: 09 Oct 2013
He may be the most important, the most beautiful, the most magical saggy old cloth cat in the whole wide world, but now Bagpuss could be off to a new home, a world away from the little girl named Emily’s shop.  Media company Coolabi, which owns the rights to the old fat, furry cat-puss, is to be taken over by a venture capital group, the Guardian reports. 

Coolbai, which also owns the Clangers and Ivor the Engine, said it had reached an understanding to be taken over for £4.2m. The company’s revenues have plummeted this year, making a pre-tax loss of £604,720 in the first half of the year.  Sounds like they could do with some more money in the kitty…

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