View the profile and 3D models by rcalabrezi (@rcalabrezi). Game developer 4ever:0D. Nov 9, 2010 - Rizvi I(1), Celli JP, Evans CL, Abu-Yousif AO, Muzikansky A, Pogue BW. We introduce a three-dimensional (3D) model representing.

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Cinema technology firm agreed to be acquired in a deal worth $551 million with private-equity firm Rizvi Traverse Management, a year after rejecting an unsolicited takeover offer from Starboard Value. Upon completion of the deal, will become a privately held company.

The RealD board has approved the agreement and recommended that shareholders vote in favor of the transaction, under which shareholders are to receive $11 per share in cash. RealD, founded in 2003, has deployed its platform to about 27,300 cinema screens worldwide. Over the past year, RealD has been engaged in a review of strategic alternatives. That came after activist investor group Starboard on Oct. 1, 2014, extended an unsolicited (and nonbinding) bid to purchase RealD for $12 per share. Last November, RealD said its board “carefully reviewed the unsolicited indication of interest from Starboard Value LP and unanimously determined not to pursue it.”. “This transaction with Rizvi Traverse provides immediate and substantial cash value to RealD shareholders at a significant premium to the company’s unaffected share price,” Frank J.

Biondi Jr., RealD’s lead independent director, said in a statement. Related RealD chairman and CEO Michael Lewis added, “I am excited about the future of RealD, where in partnership with Rizvi Traverse, we can continue to maximize the value inherent in RealD’s cinema platform and leading IP portfolio. As a private company, RealD will have the flexibility and resources to further invest in our continued cinema leadership and visual technology innovation.” In connection with the deal with Rizvi Traverse, the company said Lewis plans to reinvest his equity into the transaction and has agreed to vote his shares in favor of the merger. Lewis will continue to serve as chairman and chief exec of RealD following the close of the proposed deal. Rizvi Traverse’s proposed deal for RealD, subject to shareholder and regulatory approvals, is expected to close in the company’s fiscal 2016 fourth quarter (which ends in March 2016) or shortly thereafter. RealD will seek investor approval at its annual shareholder meeting in February 2016.