JPMorgan, PE Arm Snap Up €158M Stake In Technicolor

Law360, New York (May 3, 2012, 5:41 PM EDT) -- JPMorgan Chase & Co. and its private investment arm will gobble up €147 million to €158 million ($193.3 million to $207.7 million) in new shares in broadcasting technology provider Technicolor SA, boosting their stake to 25 percent to 30 percent, a Thursday announcement said.

The investment by JPMorgan and unit One Equity Partners is meant to stabilize Technicolor's shareholder base and help the French media and entertainment technology outfit advance its Amplify 2015 growth plan, according to a statement issued by Latham & Watkins LLP, which...
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