OIO greenlights billionaire Sean Parker’s Weta Digital stake

Thu, 29 Oct 2020

Silicon Valley billionaire Sean Parker has been cleared to buy a 22 percent stake in local film effects hero Weta Digital, more than a year after the deal was first announced. The Overseas Investment Office approved the deal on Oct. 7.The OIO decision summary released today showed Parker’s Weta Holdings entity was cleared to buy almost 5.6 million new shares. The transaction needed approval as an investment in a significant business asset, with Weta Digital’s assets valued at more than $100 million. The new money is for We...

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