Monday, April 14, 2014

Maker Studios Disney Deal Approved

Los Angeles-based Maker Studios said Monday that its deal to be acquired by Disney has been approved by Maker's board of directors and majority of shareholders, and is expected to close next week. The announcement came on reports that Beverly Hills-based Relativity Media was seeking to buy Maker Studios for nearly $1.1 billion, split between $525M in cash and stock, plus up to $500M in performance bonuses and another $75M in retention. Disney is paying up to $950M in a combination of cash and earn out for Maker Studios.

---