On Tuesday, Digital Domain said it had agreed to sell its production business -- the bulk of the company -- for $15 million to private equity fund Searchlight Capital Partners.
The bankruptcy is a black eye for Florida state and local officials who committed $135 million to subsidize the construction of a state-of-the-art studio in Port St. Lucie, which the company closed last week.
https://www.reuters.com/article/2012/...88A0CH20120911Digital Domain shares traded on the over-the-counter market for 11 cents on Tuesday, down 80 percent from Monday's close of 55.4 cents on the New York Stock Exchange, and far from a peak of $9.16 on May. 1.