Archive for the ‘takeover’ Tag

Chinese Company Buys U.S. AMC Theater Chain   Leave a comment

A Chinese company is planning to buy US cinema chain, AMC Entertainment Holdings. The acquisition will create the largest movie theater chain in the world.

On Monday Dalian Wanda Group Co. released details on the deal which will be worth just over 2.6-billion-dollars. The buyout of AMC will be the largest corporate takeover by a Chinese company in the United States to date.
A spokesperson for Dalian said that after the takeover the company will put $500 million towards remodeling AMC’s theaters.

AMC has over 340 movie theaters, most of which are in the U.S. and Canada.

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