Batman and Robin figures at the DC Comics Superstore, WB Movie World

Australia: Village Roadshow agrees to takeover talks

Theme parks and cinema operator Village Roadshow has agreed to exclusive negotiations with private equity firm BGH Capital after a caveat-heavy takeover offer of up to $468.5 million. The preliminary agreement announced on Monday morning puts an end to months of takeover speculation and competing bids for the troubled entertainment provider, which has endured a 55 per cent plunge in its share price since February, as the coronavirus pandemic forced it to cease virtually all operations. As a result, the $2.40-per-share acquisition proposal is significantly lower than the initial $4-per-share…

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Golden Village corridor

Singapore: mm2’s bid to acquire 50% of Golden Village cinema chain falls through

Catalist-listed mm2 Asia announced on Monday (July 24) that its bid to acquire a 50 per cent share of the Golden Village cinema chain in Singapore for S$184.25 million has fallen through after the owner of the other half-share in the business did not approve it. mm2 Asia had announced on June 13 that it had signed a conditional sale and purchase agreement with Village Cinemas Australia to buy the latter’s 50 per cent stake in Dartina Development, which holds the Golden Village cinema business in Singapore. The agreement was…

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AMC Theaters acquire Odeon UCI

AMC grabs ‘once-in-a-generation’ chance to acquire Odeon & UCI

| AMC Entertainment in closing stages of acquiring European circuit Odeon & UCI for $1.2 billion | After many months of speculation about the future of the #1 European chain, AMC Entertainment will now acquire Odeon & UCI for $1.2bn, creating a world-leading cinema brand. Owned by China’s Dalian Wanda Group, AMC Entertainment (trading as AMC Theaters) has entered into a ‘definitive agreement’ to acquire Europe’s largest exhibitor, London-based Odeon & UCI Cinemas Group from private equity firm Terra Firma, in a transaction valued at around £921 million, or $1.2 billion. “This is a once-in-a-generation opportunity to…

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