Announced
Completed
Financials
Tags
Minority
digital media
Acquisition
Cross Border
Indonesia
production house
Friendly
Single Bidder
Private
Completed
Media Agencies
Synopsis
Tencent Holdings, an internet giant, completed the acquisition of 14.6% stake in MD Pictures, a movie production house. Financial terms were not disclosed. “We enthusiastically welcome Tencent as a new investor in FILM. This investment reflects their continued commitment to cutting-edge technology and content companies globally,” Manoj Punjabi, MD Pictures Founder & CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.