Advanced Television

RealD bought by private equity for $551m

November 10, 2015

By Chris Forrester

3D cinema technology specialist RealD is being bought by private equity company Rizvi Traverse Management for $551 million (513m). The transaction has been approved by the RealD board and upon completion the business will become a privately-held firm.

RealD’s 3D projection technology is in some 27,000 screens globally.

RealD chairman and CEO Michael Lewis said in a statement: “I am excited about the future of RealD, where in partnership with Rizvi Traverse, we can continue to maximise the value inherent in RealD’s cinema platform and leading IP portfolio. As a private company, RealD will have the flexibility and resources to further invest in our continued cinema leadership and visual technology innovation.”

The deal is expected to close in early 2016.

Categories: Articles, Business, M&A