The €5.4 bn, French digital video technologies major Thomson has acquired a controlling majority in Bangalore-based Paprikaas Animation Studios. The size of the deal has not been disclosed. The acquisition was done through Thomson’s Tehnicolour Content Services business which provides various content activities to media and entertainment sectors. With this buyout, Thomson would be looking sourcing its requirements for the global market through Paprikaas. Paprikaas employs around 150 people.
Read the article in DNA Money.
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