The Hollywood Reporter reports: “New York-based private equity firm Integrated Media Company has unveiled a deal to buy Toon Boom Animation from Canadian cartoon company Nelvana for CAN$147.5 million (US$111 million), to allow parent Corus Entertainment to pay down debt. Terms of the deal were not disclosed, but IMC, a division of TPG that invests in media companies, will acquire the Montreal-based 2-D animation software company whose products are used by Disney Television Animation, Amazon, Fox Television Animation, Nelvana and Toei Animation.”

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