A Pinkberry just popped up in my hometown and I reluctantly went there twice this past weekend.  $5.95 for a medium 3 topping green tea yogurt. Sounds like a ridiculous price to pay for frozen yogurt but if you look at the $5.00 Grande Frappucino you bought at your local starbucks this morning, the yogurt's a bargain. Anyways, whats going on with them anyways?

" Interested in a Pinkberry Frozen Yogurt franchise? Well, you may need to wait a few more months to even obtain a franchisee prospectus from Pinkberry, Inc. Here is the quick rundown of What’s New in the thriving business:
  • The word is that Pinkberry, Inc. has been acquired by one of the Walt Disney’s Company as of December 2006.
    Update: The acquisition has not been finalized as the owners of Pinkberry did not accept the offer.
  • The two founders, Hye-kyung “Shelly” Hwang and Young Lee are now (or could be) successful multi-millionaires. Congratulations."
Source: http://www.kwak.org/blog/pinkberry-yogurt-franchise.html
Even though the deal isn't official, it looks like Pinkberry might not IPO after all.  Not sure what the terms were, but I heard that it was something in the ball park of $10.6M.   Sounds kinda low at first glance doesn't it?  The founders sure think so.  But judging by the amount offered, it looks like Disney saw it the way I saw it.