Comment on Tencent Takes Sizable Minority Stake In Skydance, Opening New Doors In China

Tencent Takes Sizable Minority Stake In Skydance, Opening New Doors In China

Chinese conglomerate Tencent has taken a minority stake in Skydance, the production and co-finance outfit formed by David Ellison in 2010. Terms were not revealed by the companies. But industry sources told Deadline the deal values Skydance at between $1.2B and $1.5B, meaning the minority investment is believed to be worth a nine-figure sum. The funding will enable the company to add scale and capability but does not change its strategic focus on the film side.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Movies News