CAKE Poised to Acquire Jetpack

CAKE, led by Ed Galton, is in advanced negotiations to acquire fellow U.K.-based kids’ content distributor Jetpack.

“Since Jetpack launched, they have always been a competitor who we have admired,” said Galton, CEO of CAKE. “Combined operations will deliver an even better kids and family distribution solution for this market.”

In a brief statement, CAKE said that more news on the proposed deal will be revealed in the coming weeks. Jetpack Distribution was founded by CEO Dominic Gardiner and is today home to a catalog of some 1,900 half-hours.