Cityneon buys US animated figures design firm in S$50m deal
CITYNEON Holdings, which delisted from the Singapore Exchange (SGX) last February, has acquired US-based animated figures design firm Animax Designs in a deal worth about S$50 million, The Business Times understands.
The experience entertainment company stumped up cash and new shares to buy Animax Designs.
Animax Designs, which is based in Tennessee in the US, counts The Walt Disney Company, Nickelodeon and NBC Universal among its clients. It also builds the the dinosaurs in Cityneon's Jurassic World: The Exhibition touring sets. The company employs 150 people.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
SMEs
Turning shipping containers into tiny hotels
Bringing innovation into civil engineering
Singapore SMEs bring robots to China’s healthcare market
Singapore architectural firm wins US$28 million deal to light up Saudi theme park
Applications open for Emerging Enterprise Awards 2024, now in their 17th year
As airports expand, Singapore SMEs can tap opportunities