Fueled by $30 million in funds that the company raised in a public offering in the United Kingdom late last year, Burbank-based DIC Entertainment is on the prowl for acquisitions as it attempts to shift the focus of the firm from being a merely a children's entertainment provider to becoming a diversified multimedia company with footprints in emerging forms of media, games, publishing and mobile content.

While Andy Heyward, the company's CEO, would not divulge which companies his firm was currently targeting, he has said in the past that DIC is evaluating the launch of a 24-hour digital kids channel in the U...

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