AMC Entertainment’s $1.2 billion deal to acquire Europe’s Odeon & UCI Cinemas has been approved by regulators at the European Commission. The deal can now move forward and is expected to close by Nov. 30. With Odeon & UCI Europe’s biggest cinema chain, AMC is set to become the largest movie …
China’s social media giant Tencent powered ahead with profits growth of more than 40{b3df30ef46327c92536c9d4cc87cf2f525bd3d5ea719227c874c7a308e531779} in the nine months to September. The acquisition of games maker Supercell barely made a dent. Revenues grew by 52{b3df30ef46327c92536c9d4cc87cf2f525bd3d5ea719227c874c7a308e531779} in the third quarter and non-GAAP net profit grew 42{b3df30ef46327c92536c9d4cc87cf2f525bd3d5ea719227c874c7a308e531779} to $1.71 billion (RMB11.7 billion). …
Indian satellite TV giants Dish TV and Videocon d2h are to merge, creating a new leader in the direct-to-home broadcast sector. The new company called Dish TV Videocon will have 27.6 million net subscribers. Backed by US entertainment veterans Jeff Sagansky and Harry Sloan, NASDAQ-listed Videocon d2…