Description Edit | History

as a toy and video game company located in New York City. The company was founded in 1970 by Jack Friedman, using funds from his former employer, Norman J. Lewis Associates.[40] Friedman served as president for the company.[41] On March 26, 1985, MCA Inc. agreed to acquire 63% of LJN in exchange for $39.8 million in stock.[42][43] The deal closed with a transaction of a total of US$67 million.[44] Following the acquisition, LJN's revenue doubled to $27 million by 1986, and continued to rise into 1987.[44] However, a faulty toy gun manufactured by LJN caused MCA's profits to fall by 79.5%, to $8.1 million, in 1987's second quarter.[45] The same year, Friedman left the company.[40] LJN did not recover, as a result of which MCA announced on January 22, 1990, that they intended to sell the company.[45][46] MCA agreed to sell LJN to Acclaim, for an undisclosed sum paid in cash and stock, on March 13, 1990.[47][48] LJN was dissolved in 1995.

Based in New York, New York.

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