…Both Reader Rabbitand Cluefinders were the work of The Learning Company (TLC), a dominant player in the realm of educational software during its peak in the late 1980s and ’90s. At a certain point, TLC owned pretty much every computer game that mattered to millennials: The Logical Journey of the Zoombinis, Where in the World Is Carmen Sandiego?, even Oregon Trail. But by 2000, the company was in financial shambles — and, in what was labeled one of the worst business deals of all time, almost took a Fortune 500 company down with it.
Pretty amazing what happens when the accountants take over. Most surprising is how much money Kevin O’ Leary (Mr. Wonderful from Shark Tank) made from the sale of The Learning Company to Mattel.