On December 16, 2019, Cineplex agreed to be acquired by British exhibitor Cineworld Group for $2.8 billion, pending regulatory and shareholder approval, but Cineworld abandoned the sale in June 2020 due to unspecified breaches of the sale terms.

Is Cineplex being sold?

Cineworld scraps $2.8-billion takeover of Canada's Cineplex, setting up legal battle. International movie theatre chain Cineworld PLC says its deal to buy Cineplex Inc. for $2.8 billion is off, claiming that "certain breaches" of the contract were made by the Canadian company.

Did cineworld buys cineplex?

In December, Cineworld unveiled the agreement to acquire Cineplex for $1.65 billion in cash, plus debt. Cineplex operates 165 cinemas with 1,695 screens and dominates the Canadian theatrical market.