Paris-based Zodiak Entertainment has purchased a minority stake in UK indie prodco Shed Media. As first reported in C21, on June 1, Zodiak entered into a conditional sale and purchase agreement with CF I Invest C.V. and Cyrte Investments B.V. to purchase approximately 7.8% worth of shares in Shed Media plc. At that time, completion of the sale of shares was subject to the completion of Zodiak’s acquisition of RDF Media. A notification of major interest in shares released yesterday says that other conditions to complete the transaction still need to be met.
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