Bankrupt Digital Domain (DDMGQ.PK) has sold its Venice, CA and Vancouver studios to a JV owned...

|About: Digital Domain Media Group,... (DDMGQ)|By:, SA News Editor
Bankrupt Digital Domain (DDMGQ.PK) has sold its Venice, CA and Vancouver studios to a JV owned by China's Galloping Horse and India's Reliance MediaWorks for $30.2M through a bankruptcy option.  The JV's offer is more than twice the size of an earlier bid from P-E firm Searchlight Capital. Digital Domain closed with a market cap of $11.8M on Friday, but bondholders will get first dibs at the company's assets.