Home Must Reads Chinese company buys AMC
Chinese company buys AMC | Print |  Email
Pin It
Must Reads
Monday, May 21, 2012

Chinese company Wanda signed a deal in Beijing to buy AMC, the second-largest theater chain in the U.S.

If approved by U.S. and Chinese regulators, the $2.6 billion acquisition will create the world's largest theater group, the companies said. The move, China's biggest corporate takeover to date in the USA, highlights the rising financial strength of its top firms.

Both partners stressed they plan no changes to the AMC brand, management and day-to-day operations. For the U.S. movie-goer, the AMC experience will change "not at all," insisted Gerry Lopez, CEO and President of AMC, except for an increase in renovations to upgrade some theaters.

Read more at USA Today.
 
BELOW: Current talk on Twitter on this topic
Loading...

    Add comment

    Security code
    Refresh

    Oregon Business magazine

    title-sponsored-links-02
    SPONSORED LINKS

    Lane Powell

    Vernon Promotional Products

    Documart-250px