Deals
Digital Domain May See Six Bidders, Attorney Says
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Digital Domain Media Group Inc., the bankrupt special-effects company behind the movies “Transformers” and “Titanic,” may see as many as six bidders at the auction that starts tomorrow, a company attorney said.
The company has received two deposits required to participate in the auction, expects to get two more today and has been contacted by others interested in bidding, attorney Robert J. Feinstein said today in U.S. Bankruptcy Court in Wilmington, Delaware. The opening bid of $15 million will be made by the so-called stalking horse, a unit of Searchlight Capital Partners LP.