Vector Capital Buys Into Technicolor

US private equity firm Vector Capital is to acquire a 30% stake in France’s Technicolor. At a shareholders’ meeting on Wednesday, a vote was passed to accept Vector’s 191M euro cash bid. The deal comes amid a lawsuit lodged against the post-production and digital media specialist by its former partner, Tarak Ben Ammar and his Quinta Communications. Although Technicolor lost 324M euros last year, The Financial Times notes the company was a draw for private equity firms eager to access its patent portfolio that includes phone, TV and tablet technology. More details follow: (more…)

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