Powering back up

13 May 2010 By Rolfe Winkler

Haim Saban rode the Power Rangers to billionaire status, parlaying the tiny kids series into 25 years of mostly smart dealmaking. Now, he s buying the franchise back from Disney at what may be the bottom of the market. Going full circle isn t easy but good timing helps.

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Saban Capital Group, the investment firm run by billionaire Haim Saban, said on May 12 it has bought back the Power Rangers children's franchise from Walt Disney. Saban paid $100 million, according to the Los Angeles Times, citing a source familiar with the situation.

The Mighty Morphin' Power Rangers became a ratings success when Saban developed and launched the show in 1993. Disney bought the franchise in 2001 as part of its acquisition of Fox Family Worldwide, a company Saban coowned.

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