Someone else posted a question about this very scope not long ago. Simply put, no, it's little more than a cheap toy and a waste of money. The optical quality is going to be extremely poor. In my opinion, it is more likely to dis-interest someone in astronomy.
You didn't mention how old your kids are. Not knowing, it's hard to make a clear recommendation. Still, I wouldn't recommend this.
If your kids were interested in music and wanted to learn to play guitar, would you buy them the cheapest, lowest-quality instrument available, one that has poor sound, is difficult to tune and then doesn't stay in tune, and with such poor intonation that even when the strings are open-tuned, you can't produce proper chords? You wouldn't necessarily want to rush out and get them a professional-quality recording-ready instrument, but you wouldn't get them a toy either (at least, I hope not).
I'd say the same thing about a telescope. You want a real telescope, with quality optics. I'm sure you don't want to pay a lot, but you don't want to get something that will be so frustrating as to make them lose interest.
Of course, like playing a guitar, unless you know what to do with a telescope, it will be frustrating. Too many people buy telescopes with the belief they'll see things like they see in pictures on the internet, only to be badly disappointed. I've seen so many telescopes put up for sale on Craigslist and eBay or thrown in a closet or garage and ignored because the user had no idea what they were doing and were completely disappointed.
Depending on your kids age, my first recommendation would be to find and join a local astronomy club. The club I belong to, the Houston Astronomical Society, does regular star parties for schools and children. Many of our members join because of their kids - because they want to be able to teach their kids. We also have many adolescent and teen members who are active in our club. Membership is inexpensive (most clubs are $50 USD or less per year) and you can learn a lot.
As for a telescope itself, I would ignore ANY AND ALL telescopes under \$1,000 USD that are computerized, what we call GoTo technology. While some people might disagree, my experience, which is fairly extensive, with such telescopes is that they are poorly manufactured and prone to breaking down - at which point they usually are not usable in a "manual" mode. You also end up paying a lot for the electronics and mechanical parts, and getting less telescope. On top of that, the majority of those telescopes still require you know your way around the sky to be able to find key landmarks (usually a number of bright, named stars) to set up the telescope.
My general recommendation is an 8" Dobsonian telescope. A Dobsonian telescope is a Newtonian OTA (Optical Tube Assembly, the telescope-proper portion of the full instrument) with a simple altitude-azimuth rocker-box mount (meaning the motion is up/down and left/right, a natural motion for most people). Dobsonians or Dobs, offer the best ratio of price to aperture, and are very easy to use. However, an 8" Dob may be too much for smaller children, may be more than you're willing to spend, and may be larger than you're comfortable with. However, if you can, an 8" aperture is a very good starting place for an amateur telescope as it offers a good balance between cost, physical size, and optical capability. Most 8" Dobs weigh a total of about 50 lbs, evenly divided between the OTA and base, making the heaviest single piece around 25 lbs, with an overall total height/length of about 55 inches, give or take a couple. If you live in a light polluted area, they typically fit comfortably on the back seat of a midsize sedan or larger, and often will fit in a compact (though not something like a Smart car). Brand new, you can sometimes find them under \$400, but usually you can expect between \$400 and \$500 with a decent starting accessory package. I personally recommend the Apertura AD8, though the Orion 8" Skyline and XT8 are also decent models.
If price and/or Size is an issue, the next step down would be a 6" Dobsonian. The length/height is about the same, but they're somewhat thinner and a little lighter. The smaller aperture reduces light gathering ability, which reduces overall capability. Brand new, the price runs under \$300 for a decent instrument, but they can often be found used or refurbished for closer to \$200.
Smaller still, I'd consider the AWB OneSky 130 (known outside of the US as the SkyWatcher Heritage 130p). This is a 130 mm (5") Newtonian telescope on a simple alt-az mount (often referred to as a Dobsonian, but not a true Dob). The price is around \$200. Another option at the same size is the Meade LightBridge Mini 130, which is similar in size and capability. I've seen this closer to \$175 lately.
Stepping down further, there are a handful of 114 mm (4.5") scopes, including the Meade LightBridge 114 and the Orion StarBlast 4.5" Again, you are stepping downward in capability, but also price, and these smaller scopes are much lighter and easy to transport, though you Won't see as much with them.
I would not recommend ANY telescopes under this. There are many available, but most are of poor quality or design. Under \$150-ish, I'd recommend a decent pair of 7x50 or 10x70 binolculars.