Saban Capital Acquires Panavision And Sim Video In $622 Million Deal

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Saban Capital Acquisition is acquiring Panavision and Sim Video International Inc. in a $622 million cash and stock deal that would that combine the companies to create a comprehensive production and post-production entity. The three companies, to be united under the Panavision Holdings banner, are positioned to capitalize on the surge in content spending that’s been fueled by the rise of online streaming services. According to documents filed this morning with the SEC…