Wham-O, makers of Frisbee and Hula Hoop, sold to Hong Kong

58-year-old Wham-O Inc. -- the company behind such iconic American toys as Frisbee, Hula Hoop, Silly String, Hacky Sack and Slip 'N Slide -- has been acquired by an affiliate of Hong Kong toy distributor Cornerstone Overseas Investments Ltd. for an undisclosed sum. Link