China's Galloping Horse, Reliance team up to buy Digital Domain

September 29 [Sat], 2012, 20:30

A joint venture led by Chinese film and TV company Galloping Horse has discount ray ban sunglasses submitted a winning bid to acquire one of Hollywood's leading visual effects studios.
The offer, made at an auction in New York on Friday, is subject to approval by cheap ray bans the Bankruptcy Court, which will review the proposed sale at a hearing on Monday. The bid is significantly higher than a previously announced offer from private investment firm Searchlight Capital Partners to buy Digital Domain's production studios for $15 million.
Galloping Horse America, a division of the Beijing-based media company, has discount ray ban sunglasses partnered with Reliance MediaWorks, the post-production company that is part of the Indian conglomerate Reliance ADA, to buy Digital Domain's visual effects studios in Venice and Vancouver, Canada, for $30.2 million.
The bid potentially marks the latest acquisition of a U.S. media company by a ray ban outlet Chinese firm. China's Dalian Wanda Group recently purchased AMC Entertainment, the nation's second-largest theater chain.
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