Canada's Cineplex gauging interest from potential buyers, Bloomberg News reports

Cinemark Holdings

16/04/2026 06:36

April 15 (Reuters) - Canadian movie theater chain Cineplex Inc CGX.TO is shopping itself to potential buyers in a bid to combine with a rival, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Here are the details:

Chief Executive Officer Ellis Jacob has reached out to peers including Regal Cineworld Group and Cinemark Holdings Inc CNK.N to gauge their interest in a takeover, the report said.

Reuters could not immediately verify the report. Cineplex, Regal Cineworld and Cinemark did not immediately respond to requests for comment.

Cineplex, Canada's largest movie theater chain, has a market value of C$711.3 million ($518.6 million).

In 2023, Bloomberg reported that Kinepolis Group NV KIPO.BR considered making a bid for Cineplex but chose not to proceed after concluding a deal would struggle to win regulatory approval.

($1 = 1.3717 Canadian dollars)

 (Reporting by Disha Mishra in Bengaluru; Editing by Sonia Cheema)

 ((Disha.Mishra@thomsonreuters.com))