Sina.com
Huace film will pay RMB1.652 bln (around $269 mln) to acquire 100% Shanghai Croton Media with cash and new shares. This is the largest amount of deal in China film industry till now. The two companies will share the development strategy, branding, marketing and production after the deal. Huace will be the only company to take over 10% market share in China’s TV series with above 1,000 series per year. 35% of the payment will be in cash and 65% will be paid through new shares. Huace also raised RMB550 mln from less than 10 investors for the cash payment.
Huace film will acquire Croton Media for RMB1.652 bln
