Top kids app maker Toca Boca sells to Spin Master, plans to launch subscription video service and toys

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One of the world's largest children's mobile app makers, Toca Boca, whose studios have produced apps totalling over 140 million downloads, has been acquired. The company had originally operated like a startup within the 200-year-old Swedish publishing firm Bonnier, but has now been bought by Spin Master, a children's entertainment company with 950 people working in offices in Canada, the U.S., France, Italy, the U.K., Slovakia, Germany, the Netherlands, Mexico, China, Hong Kong and Japan.