Advertisement
New Zealand markets closed

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NZD/USD

    0.5896
    -0.0010 (-0.17%)
     

  • NZD/EUR

    0.5522
    -0.0023 (-0.41%)
     

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • OIL

    82.15
    -0.58 (-0.70%)
     

  • GOLD

    2,393.30
    -4.70 (-0.20%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,842.07
    -34.98 (-0.44%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,746.89
    -90.51 (-0.51%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • NZD/JPY

    91.1180
    -0.1360 (-0.15%)
     

Silver Lake Invests $600 Million in AMC With Wanda Retreating

Anousha Sakoui, Zachary Tracer
Silver Lake Invests $600 Million in AMC With Wanda Retreating

Dalian Wanda Group Co., the Chinese firm controlled by Wang Jianlin, is scaling back its bet on AMC Entertainment Holdings Inc. as part of a push by the billionaire to shore up finances. The largest U.S. movie-theater chain will receive a $600 million investment from private equity firm Silver Lake, letting it buy back stock owned by Wanda and pay a dividend. Wanda struck a $2.6 billion deal for AMC in 2012, part of an expansion into entertainment.

Continue reading