RealD to go private in $551M deal

RealD Inc., which develops 3-D technology including projection systems used by cinemas around the world and which has a research-and-development center in Boulder, is being acquired by a private-equity investor in the media, entertainment and technology sector.

Los Angeles-based Rizvi Transverse Management LLC announced Tuesday that it is buying RealD (NYSE: RLD) in an all-cash merger transaction valued at approximately $551 million, including net debt.

Upon completion of the transaction, RealD will become a privately held company. The RealD board of directors approved the agreement, which still has to be voted on by shareholders at a meeting in February.

Under the terms of…