British movie theater operator Cineworld Group PLC said Wednesday that it is in advanced talks to buy American counterpart Regal Entertainment Group for $3.1 billion, a deal that would give it more screens to compete with industry leader AMC Entertainment Holdings Inc. The proposed deal would create a company with more than 9,000 screens. AMC Entertainment, part of China’s Dalian Wanda Group, last year bought Odeon & UCI Cinemas Group in Europe, and ran or had interests in more than 11,000 screens in 1,006 theaters as...

Source: Wall Street Journal November 29, 2017 00:51 UTC