Henson siblings to acquire The Jim Henson Co. (Licensing).(Brief Article)

Hollywood, Calif. -- The five sons and daughters of the late Jim Henson have signed an agreement to acquire The Jim Henson Company from EM.TV & Merchandising for $78 million in cash.

The siblings will acquire several key properties, including The Muppets, The Muppet Babies, The Fraggles, The Hoobs, Farscape, and Bear in the Big Blue House. The Muppets alone have 5,000 licensed products in the marketplace.

Brian and Lisa Henson will be involved in managing the company their father founded some 45 years ago, while all five siblings--including John, Cheryl and