Imagine Entertainment, the production company founded by Ron Howard and Brian Grazer, is discussing selling a majority stake to a London-based investment firm, according to The Wall Street Journal. The firm, Centricus, is in talks to buy a more than 70% stake in Imagine, which is behind such hits as “Apollo 13” and “A Beautiful Mind,” for between $600 million to $800 million. The deal, if...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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