Hudson Pacific Properties Acquires Quixote Studios for $360M
September 1, 2022
Hudson Pacific Properties (NYSE: HPP) agreed to acquire Quixote Studios, a provider of sound stages and production services, for $360 million before closing costs. The acquisition — financed with $200 million of borrowings and a $160 million deferred purchase price — expands Hudson Pacific's Sunset Studios platform, adds production services and rental fleets, and is expected to be immediately accretive to results.
- Buyers
- Hudson Pacific Properties, Inc.
- Targets
- Quixote Studios
- Industry
- Media & Entertainment
- Location
- California, United States
- Transaction Type
- Buyout
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