Framestore agrees to £150m takeover deal
Nov 03, 2016 by Joel LeLievre
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VFX studio Framestore, which has worked on films like Doctor Strange and The Legend of Tarzan, has just agreed to a takeover deal from Cultural Investment Holdings Co, a Shanghai-listed group that is currently offering £150m for the company. The deal will see Cultural Investment Holdings Co acquiring 75% of Framestore’s shares, while the company’s management team will remain in place after the deal completes. For full details on this story, you can check out the Sky News website.