Entertainment
Canada’s Cineplex Is Gauging Interest From Potential Buyers
A Cineplex Cinemas movie theater in Toronto.
Photographer: Cole Burston/BloombergCineplex Inc., Canada’s largest movie theater chain, is shopping itself to potential buyers in a bid to combine with a rival.
Chief Executive Officer Ellis Jacob has reached out to peers including Regal Cineworld Group and Cinemark Holdings Inc. to gauge their interest in a takeover, according to people familiar with the matter. Any discussions are at an early stage and may not result in a deal, said the people, who asked not to be named as the information is private.