Brief: Phantom Digital Effects Signs Term Sheet To Acquire Majority Stake in Tippett Studio
12/03/2024 06:43
March 12 (Reuters) - Phantom Digital Effects Ltd
PHAN.NS :
* SIGNED TERM SHEET IN RELATION TO ACQUISITION OF TIPPETT
STUDIO,
USA & CANADA
* FINALIZED TERM SHEET TO ACQUIRE A MAJORITY STAKE OF 80% IN
TIPPETT STUDIO
* VALUATION OF USD 3.75 MLN
* ACQUISITION OF TIPPETT EXPECTED TO RESULT IN REVENUE
GROWTH OF
20-25% DURING 2024-2025 FY
Source text for Eikon: ID:nNSE6n5Xcc
Further company coverage: PHAN.NS
((Reuters.Briefs@thomsonreuters.com;))
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