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Judge Approves Alamo Drafthouse Sale After Canceled Bankruptcy Auction

Dine-In Cinema Chain On Path To Emerge From Bankruptcy Proceedings
Alamo Drafthouse has been marketed during the bankruptcy process, but no other qualifying bids beyond the initial threshold-setting offer was found. (eng1ne/Flickr)
Alamo Drafthouse has been marketed during the bankruptcy process, but no other qualifying bids beyond the initial threshold-setting offer was found. (eng1ne/Flickr)

A bankruptcy judge approved the sale of Alamo Drafthouse Cinemas Holdings, the nation's largest privately owned cinema chain, to a private equity-backed company and other entities after no other qualifying bidders stepped up to the plate.

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