AMC is No Longer Interested in Acquiring Cineworld

AMC said it is no longer in talks to acquire theaters from Regal parent company Cineworld, which had filed for bankruptcy protection earlier this year.

Cineworld, which is based in the United Kingdom, had been in discussions with AMC to hand over some of its theaters after filing for Chapter 11 bankruptcy in September.

In a filing with the Securities and Exchange Commission on Wednesday, AMC said the discussions with Cineworld lenders regarding assets in the U.S. and Europe had ended. The disclosure comes after AMC reported another quarterly loss last month despite an increase in revenue, as the theater chain spent more than it brought in.

Read the source article at cnbc.com