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Birmingham Post
Birmingham Post
Technology
Jon Robinson

VR entertainment group Immotion agrees $25m deal as it plans to hand shareholders millions

Entertainment

A VR entertainment company has agreed a $25m deal as it plans to hand shareholders millions.

Greater Manchester-headquartered Immotion Group, which has deals with the likes of The 02, Blackpool Tower and the owner of Alton Towers, has agreed to sell its location-based entertainment business (LBE) to LBE BidCo Inc for $25.2m.

The division includes Immotion Studios, Immotion VR and C.2K Entertainment.

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