Neon Looking To Sell With Help From Merchant Bank Raine
Neon dipping into the market comes five months after A24 sold off a minority stake to the tune of a cool $225 million, with A24’s business overall valued at $2.5 billion. Neon has meanwhile tapped the merchant bank Raine to help explore sale options, according to the Times. Neon declined IndieWire’s request for comment. The tastemaking studio is looking ahead at a busy fall awards season with the festival rollouts of Cannes gems “Triangle of Sadness” (from “Force Majeure” director Ruben Ostlund) and the David Bowie documentary “Moonage Daydream” (from filmmaker Brett Morgen)....