Cinema seats
The deal collapse is the latest in a series of terminations due to COVID-19.
June 16, 2020 at 05:05 AM
1 minute read
Senior Reporter
Cinema chain Cineworld has abandoned its C$2.8 billion ($2 billion) acquisition of Canadian rival Cineplex in the latest collapsed deal to emerge amid the pandemic.
In a statement on Friday, UK-listed Cineworld said the decision follows “certain breaches by Cineplex” and Cineplex’s “unwillingness to cure the breaches”.
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