Harry Potter special effects firm looks east with sale to China group

Shanghai-listed CIH buys Oscar-winning special-effects firm behind Doctor Strange in deal valuing company at £150m

An Oscar-winning British visual effects company, which has worked on films including Doctor Strange and the Harry Potter franchise, is selling itself to a Chinese group in a deal that values it at nearly £150m.

Framestore has agreed a deal with Cultural Investment Holdings Co (CIH) that will mean the Shanghai-listed group acquiring 75% of the business.

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from Mergers and acquisitions | The Guardian http://ift.tt/2fgb5KA