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Corus Entertainment Inc. signs deal to sell software subsidiary, Toon Boom, to Integrated Media Company for C$147.5M

Date Announced

July 13, 2023

Lead Office

Toronto

Value

147.50 Million CAD

On July 13, 2023, Corus Entertainment Inc. signed a deal to sell its animation software subsidiary, Toon Boom Animation Inc., to Integrated Media Company for C$147.5 million.

Corus Entertainment Inc., headquartered in Toronto, Ontario, is a Canadian-based media and entertainment company.

Integrated Media Company, headquartered in New York, New York, is a TPG platform thematically investing across the digital media landscape.

McCarthy Tétrault advised Corus Entertainment Inc. with a team led by Heidi Gordon that included Isabelle Nazon, Haiya Peng, Vivian Sy (M&A), Mehnaz Quadri (Corporate), Christine Ing, Conrad lee (Technology), Marie-Soleil Landry, Genevieve Favreau, Simon Douville (Tax), Kate McNeece, Alykhan Rahim (Foreign Investment), Vincent Yip (Intellectual Property) and Emilie Thibault (Labour and Employment).

 

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