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Tohokushinsha, Japanese Co-Producer of ‘Lost in Translation,’ Receives $575 Million Takeover Bid From Singapore Investor

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variety.com
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Patrick Frater Asia Bureau Chief Singapore-based finance firm 3D Investment Partners said Thursday that it is seeking to take private Tohokushinsha, the Japanese film and TV distribution firm.

Its bid values Tohokushinsha at $575 million. Founded in 1961, Tohokushinsha started as a dubbing house and has since expanded its business to include, among others, theatrical, video and TV distribution and production as well as operation of 10 satellite TV channels.

It was a co-producer of Sofia Coppola’s breakout 2003 movie “Lost in Translation” and provided services on the 1980s series adaptation of James Clavell’s “Shogun.” 3D Investment already owns an 18% share stake in the stock market listed Tohokushinsha and is now offering to buy the balance of the equity at a price of JPY600-650 per share.

At the higher figure, the offer would represent a premium of 15% to Tohokushinsha shares at the close of stock trading on Wednesday.

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