British movie theater operator Cineworld Group PLC has agreed to buy American counterpart Regal Entertainment Group for $3.6 billion, creating the world’s second-largest cinema operator. Cineworld said Tuesday the deal would give it a meaningful footprint in the U.S.—the biggest box office market—and create a company with more than 9,000 screens.

Source: Wall Street Journal December 05, 2017 09:45 UTC