UK's Cineworld Group will acquire Polish movie theater chain Cinema City International for a little over £500 million, becoming the new cinema mogul in Europe. If the deal pushes through, Cineworld will have 201 cinemas with 1,852 screens.
Games/Entertainment
NBC Universal picks up minority stake in Canadian TV producer Lark
New York, US-based media firm NBC Universal International Television Production picked up a minority stake in Vancouver, Canada-based independent TV producer Lark Productions for an undisclosed amount.
Israel's PowerUp Toys raises over $1M for smartphone-controlled paper plane
Tel Aviv, Israel-based startup PowerUp Toys raised over $1 million via crowdfunding platform Kickstarter for a smartphone-controlled paperplane, with still eight days to go for the campaign.
US games chain Chuck E. Cheese's board approves $950M leveraged buyout deal
The board of Texas, US-based games and restaurant chain Chuck E. Cheese's approved its acquisition by an affiliate of investor Apollo Global Management in a $950-million leveraged buyout deal.
World's first M&A game app launched in New York
Anyone who has ever been involved in mergers and acquisitions (M&A) will want to download and start -- and won't be able to stop -- playing the world's first M&A game app, launched today by pioneering virtual data room provider ansarada.
Latest News
International Entertainment Corp said it would be acquiring a 70% stake in Macau gambling junket operator Sun City Gaming Promotion Co for HK$7.35 billion, Bloomberg reported.
In an attempt to get their money back faster, creditors of Brazil-based Banco Cruzeiro do Sul, are looking for a debt-to-equity swap on an unsecured debt valued at 2.3 billion, Bloomberg reported.
Genting Malaysia Group, which is majority owned by Genting Bhd, has signed an agreement with American groups Gulfstream Park Racing Association, Florida Horsemen's Benevolent & Protective Association and Florida Thoroughbred Breeders' Association to build a gaming resort in Miami, Florida.
Canadian juvenile products and bicycle company Dorel Industries Inc said it had signed a share purchase deal to acquire Israel-based baby products and developmental toy firm Tiny Love.
Blitzmegaplex, the second-biggest cinema operator in Indonesia, seeks to kick off an initial public offering at the Jakarta Stock Exchange in the first quarter of this year. Proceeds from the deal will be used to construct 15 cinemas costing $35 million.
CEC Entertainment, which operates 567 Chuck E. Cheese's stores in 47 states in the US, is reportedly mulling over a possible sale to private equity firm. CEC has a market capitalization of around $760 million.
Gaming group Codere, which sought protection from creditors last week, got a 30-day extension on a €127 million ($173 million)loan due on January 5. Codere had €1.27 billion of debt as of last September.
Sales of Apple's App Store surpassed the $10 billion mark last year, reinforcing its lead over Google's Play Store in the arena of mobile computing, the Financial Times reported.
New York, US-based TV streaming startup Aereo has secured $34 million in a Series C funding round led by IAC, amid a lengthy legal battle with major rivals who want to bring it down.
