‘Harry Potter,’ ‘Gravity’ VFX Giant Framestore Agrees To $187M Chinese Takeover

Read on: Deadline

British VFX company Framestore, which worked on films such as Gravity, the Harry Potter franchise and Doctor Strange, has agreed to a takeover by Chinese conglomerate Cultural Investment Holdings Co., in a deal that values it at nearly £150M ($187M). This marks another Western company being bought by a Chinese company following Wanda's acquisition of Dick Clark Productions yesterday for a cool $1B and its acquisition of Legendary Entertainment for $3.5B in January. In the…