Wednesday, December 18, 2019
Britain's Cineworld to buy Cineplex for US$1.64B
Britain's Cineworld to buy Cineplex for US$1.64B. Cineplex to be acquired by U.K.'s Cineworld for C$2.15 billion. 42% premium. Although the price has been depresses over last 3 years. They also bought a US company 1-2 years ago and are now largest movieplex operator in North America. Cineplex has 70% market share in Canada. In US Cineworld owned Odeon and other brands control roughly 50% share with China’s Dailan Wanda controlled AMC is the other big player.
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