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Toronto Firm Cries Foul Over UK's Cineworld Group Canceling $2.8 Billion Movie Theatre Deal

Cineplex Plans to Sue for Damages for Deal That Would Have Created World’s Second Largest Cinema Chain
Cineplex's head office in Toronto. (CoStar)
Cineplex's head office in Toronto. (CoStar)
CoStar News
June 13, 2020 | 9:49 P.M.

The United Kingdom's Cineworld Group's canceling of a $2.8 billion deal to buy Canada's Cineplex has the Toronto-based movie theatre operator threatening to sue, calling the move "buyer's remorse" and demanding compensation.

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