Toy electronics kit provider LittleBits had raised $59m from investors including O'Reilly Media, and will become part of Sphero's smart toy product lineup.
Robotic toymaker Sphero has acquired US-based children’s electronics kit producer LittleBits for an undisclosed amount, providing an exit for media company O’Reilly.
LittleBits sells kits made up of modular electronics blocks that fit together using magnets, meaning they can be assembled without wires or programming. Sphero makes rolling, internet-connected toys and is best known for a toy based on Star Wars character BB-8.
The deal follows $59m of funding for LittleBits, including a $44.2m series B round in 2015…
