Toon Boom Animation Sold to Private Equity Firm for $111M

Toon Boom Animation Sold to Private Equity Firm for $111M

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New York-based private equity firm Integrated Media Company has unveiled a deal to buy Toon Boom Animation from Canadian cartoon company Nelvana for CAN$147.5 million (US$111 million), to allow parent Corus Entertainment to pay down debt. Terms of the deal were not disclosed, but IMC, a division…

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