• Latest
  • Trending

Odeon owner AMC pulls out of talks to buy Cineworld cinemas

December 21, 2022

Shania Twain, 57, Seen In Very Rare Photos With Husband As She Rolls Her Own Bag At Airport

January 4, 2023

Kelly Osbourne’s Son’s Name Is Revealed By Mom Sharon As She Returns To TV After Hospitalization

January 4, 2023

Nastia Liukin’s ‘Mental Toughness’ From The Olympics ‘Snapped’ Back During ‘Special Forces’ (Exclusive)

January 4, 2023

Chris Evans Calls Jeremy Renner ‘Tough As Nails’ After Snow Plow Accident: ‘Love You Buddy’

January 4, 2023

Keke Palmer Cradles Her Baby Bump In Strapless Swimsuit On Babymoon With Darius Jackson: Photos

January 4, 2023

Jinny Ng Reveals Why She Scolds Her Husband

January 4, 2023

Lee Seung Gi Will Not Back Down from Contractual Dispute

January 4, 2023

It’s Hard Out There for Artists: Talking About Musicians & Mental Health

January 4, 2023

Prince William Is Reportedly Too ‘Nervous’ to Talk to Prince Harry: ‘They’re Done’

January 4, 2023

Jenna Ortega Debuted a Wolf Cut Bob in a Dress Wednesday Addams Would Love—See Pics

January 4, 2023

Rihanna Just Shared the First Look at Her Baby Son’s Face and He Couldn’t Be Cuter—Watch the Video

January 4, 2023

Simone Biles and Jonathan Owens’s Relationship: A Complete Timeline

January 4, 2023
Retail
Saturday, January 28, 2023
Submit/Manage Your own Posts
  • Login
  • Register
  • Tech
  • Science
  • Entertainment
  • Sport
  • Health
  • Lifestyle
  • World
  • Celebrities
  • Sports
No Result
View All Result
Live24x7.news
No Result
View All Result

Odeon owner AMC pulls out of talks to buy Cineworld cinemas

by admin
December 21, 2022
in Sports
0

YOU MAY ALSO LIKE

Harry Melling found inspiration in an odd place for Edgar Allan Poe role (exclusive)

Jeremy Renner’s Marvel co stars among those wishing him well following accident

Odeon owner AMC Entertainment has revealed it was in talks to buy cinemas from lenders for troubled rival Cineworld before backing out.

Shares in Cineworld slipped lower on Wednesday afternoon after the collapsed talks were confirmed in regulatory filings.

Cineworld, the world’s second largest cinema chain, filed for bankruptcy protection in the US in September after being hit hard by weaker-than-expected summer audience numbers.

The company is exploring strategic options to secure its future.

Earlier this month, the group, which also operates the Picturehouse chain and runs 751 cinemas globally, said it plans to emerge from the bankruptcy intact and stressed it did not intend to auction off any parts of its business.

It came after reports smaller rival Vue was considering a merger deal.

On Wednesday, US cinema giant AMC posted documents which confirmed it was in talks to acquire “certain strategic theatre assets of Cineworld in the United States and Europe” with lenders for the company.

“A definitive agreement with the lenders has not been reached regarding the terms of any proposal to be presented to the debtors in the Cineworld cases, and at this time negotiations are not continuing,” AMC added.

AMC, whose shares have benefited from being considered as a “meme stock” over the past year, made gains in early trading in the US as a result.

Read More
Photo Credit:

Tags: Odeonowner
ShareTweetShare
  • Tech
  • Science
  • Entertainment
  • Sport
  • Health
  • Lifestyle
  • World
  • Celebrities
  • Sports
Email:live24x7.news.official@gmail.com Call/Whatsapp us: +91 9961702230

© 2022 Live24x7.news

No Result
View All Result
  • Tech
  • Science
  • Entertainment
  • Sport
  • Health
  • Lifestyle
  • World
  • Celebrities
  • Sports

© 2022 Live24x7.news

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In