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News Breaks | | | | September 24, 2012 | | 09:15 EDT |  | DDMG | Digital Domain Media gets $30.2M bid from Galloping Horse, Reliance JV
Digital Domain Media Group (DDMGQ) announced that a joint venture, led by Galloping Horse America in partnership with Reliance MediaWorks, submitted the winning bid to acquire the visual effects, Mothership Media and certain other businesses and assets of Digital Domain Productions and subsidiaries for $30.2M at a September 21 auction in New York. The sale is subject to execution of an asset purchase agreement and Bankruptcy Court approval, the hearing for which is currently scheduled for Monday, September 24. | |
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