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International Media (IMAQ) to Combine with Risee Entertainment and Reliance Studios

International Media (IMAQ) to Combine with Risee Entertainment and Reliance Studios

International Media Acquisition Corp. (IMAQ) has entered into a stock purchase agreement by which it will acquire Risee Entertainment and Reliance Studios for $102 million in cash and $38 million in investment. Mumbai-based Reliance Studios produces films, shows and games primarily for the Indian market. Transaction Overview International Media has an estimated $21.9 million in
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