Shares of Jakks Pacific Inc. JAKK, +7.70% soared 8.4% in Wednesday trading after media reports that the company was nearing a deal to be acquired by competitor Just Play, a deal backed by private equity firm Centerbridge Partners. Jakks Pacific, whose proprietary brands include Figs and Moose Mountain, has seen its shares sink 66.5% over the past year, compared with a 1.1% rise for the S&P 500 index SPX, +0.82%. Jakks Pacific reported a loss of 96 cents per share and an 11% sales slide to $95.2 million in the most recent quarter. Bloomberg says the deal would be worth 80 cents to 90 cents per share.