Technoglitch
Core Member
im just being optimistic that deal can go wrong anytime.
News PVR might absorb SPI cinemas
- Thread starter Technoglitch
- Start date
bhaskarkilli
Core Member
yaa.Even I am also want the same but chances are very less.
DashMajor
EntMnt Knight
Suddenly good for Multiplex chains bad for us.
Technoglitch
Core Member
Technoglitch
Core Member
PVR wants to purchase the multiplexes as they want to show that they are n0.1
DashMajor
EntMnt Knight
As multiplex idea was there only and since many competitors started the group aggressively but later turned out from it from all that if PVR acquiring chains then its good for those.
Technoglitch
Core Member
in chennai, the PVR business is little on comparing with SPI so the deal must have happened.
Update : PVR calls off deal with SPI Cinemas over high valuation
After months of negotiation, multiplex major PVR Cinemas has shelved the acquisition deal with South Indian multiplex player SPI Cinemas.
According to industry sources, PVR Cinemas was in advanced talks to acquire the highly profitable SPI Cinemas that runs Sathyam, Escape, S2 Cinemas, The Cinema, and Luxe. However, the valuation of over Rs 1,000 crore (Rs 10 billion) was a deterrent. Land would have been part of the deal.
Read more at: http://www.televisionpost.com/news/pvr-calls-off-deal-with-spi-cinemas-over-high-valuation/ | TelevisionPost.com
After months of negotiation, multiplex major PVR Cinemas has shelved the acquisition deal with South Indian multiplex player SPI Cinemas.
According to industry sources, PVR Cinemas was in advanced talks to acquire the highly profitable SPI Cinemas that runs Sathyam, Escape, S2 Cinemas, The Cinema, and Luxe. However, the valuation of over Rs 1,000 crore (Rs 10 billion) was a deterrent. Land would have been part of the deal.
Read more at: http://www.televisionpost.com/news/pvr-calls-off-deal-with-spi-cinemas-over-high-valuation/ | TelevisionPost.com
Technoglitch
Core Member
finally i am happy that the deal is called off.