Entertainment News Roundup: Cineworld creditors mull sale of east European theatres -Bloomberg News
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Cineworld creditors mull sale of east European theatres -Bloomberg News
Cineworld Group PLC's lenders have held talks on breaking up the bankrupt cinema chain and selling its eastern Europe operations, Bloomberg reported on Friday. Bids of around $1 billion were more likely to meet the lender group's threshold for a sale of the movie theatre chain's Cinema City and Yes Planet theatres in eastern Europe, and Rav-Chen operations in Israel, people familiar with the matter told Bloomberg, adding that no formal process had started yet.
(With inputs from agencies.)