Mergers & Acquisitions Archives - Page 4 of 4 - Celluloid Junkie

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DTS Digital Cinema Sold To Unknown Satellite Company

So long and thanks for all the Guinness – DTS has put an end to the corporate Seitensprung that was DTS Digital Cinema, which has been picked up by UK satellite company Beaufort International Group Plc. Here is what the press release on DCinemaToday.com had to say in the opening paragraph: Bea…

Pyramid Scoops Up Gaming Company Aurona

Pyramid Saimira continues to play in the merges and acquisitions pool, this time buying a majority stake in the U.K. gaming company, Aurona Technologies. While there are no details as to the amount Pyramid spent, VC Circle reports it was an all cash deal. At first glance, Aurona Technologies may not…

Adlabs Expands Into U.S. With 200 Screens

The stereotype of the immigrant Indian convenience store worker that has kept Apu employed at the Kwik-E-Mart for the past 17 years on ‘The Simpsons‘ may soon have to be changed to that of the immigrant Indian concession stand employee. Recently, the Indian cinema chain Pyramid Saimira T…

Indians Storm Texas Cinema Market

Indian exhibition company Pyramid Saimira Theatre (PSTL) has become the first Indian cinema operator to enter the US market with the acquisition of FunAsia cinema, radio and banquet halls (!) operation in Texas. The exhibitor operates 11 screens in Houston and six in Dallas where it mainly shows Hin…

Pacific Equity Partner Acquires Hoyts Cinemas

Australian exhibitor Hoyts has been sold to Pacific Equity Partner in a defeat to India’s Pyramid Saimira Theatre, which had pursued the deal aggressively. James Packer’s Publishing & Broadcasting Ltd. and West Australian Newspapers Holdings Ltd. are reported to have sold Hoyts Austr…

Sale of Hoyts Now A Two-Horse Race

The latest from Publishing & Broadcasting’s imminent sale of Australian cinema chain Hoyts is that the field of candidates is now down to two suitors. Sydney buyout firm Private Equity Partners is down to the wire against India’s Pyramid Saimira Theatre, as the offer prise has gone u…

Sale of Australian Hoyts Said To Be Close

The sale of Hoyts, one of Australia’s Big Three exhibitors, is said to be imminent. Partly owned by James (Son of Kerry) Packer’s Publishing and Broadcasting and West Australian Newspapers, which bought Hoyts for $347m just two years ago. The asking price is said to be north of $400, but…