AMC Entertainment $1.1 billion acquisition of Carmike Cinemas

Overview:

• AMC Entertainment Holdings has acquired Carmike Cinemas in a $1.1 billion deal.
• The figure includes Carmike's debt.
• The deal makes AMC Entertainment the largest movie theater operator in the world.
• AMC is owned by Chinese Dalian Wanda Group, which bought them in 2012.
• This was the first of several major acquisitions in a 12-month period by AMC, which included the purchase of the Odeon & UCI Cinemas Group in July 2016 and buying the Nordic Cinema Group in January 2017.

Kurt Stumpo - Journalist