Ron Howard And Brian Grazer’s Imagine Entertainment May Be Close To Sale – WSJ

Ron Howard And Brian Grazer’s Imagine Entertainment May Be Close To Sale – WSJ
The Wall Street Journal has reported that Imagine Entertainment, the film and TV production company cofounded by Ron Howard and Brian Grazer, is in talks to sell to a London investment firm. The report cites “people familiar” with the matter, and claims Centricus, the London firm, may pay between $600 milliion to $800 million for more than a 70 percent stake in the company. Deadline reported earlier this summer that investors and potential buyers were taking interest in Imagine Entertainment, which was founded by Howard and Grazer in 1985.

The interested parties included at that time an unnamed Middle East sovereign wealth fund, as well as international banks and a domestic private equity firm. The valuation of the Oscar-winning A Beautiful Mind production company was reported as north of $800M.

Imagine’s umbrella consists of NY-based indie production shingle Jax Media, a majority stake in Alex Gibney’s Jigsaw Productions,
See full article at Deadline »

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