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Korea’s Lotte Cinema-Megabox Merger Collapses as JoongAng Group’s Financial Crisis Deepens

Variety ·
Korea’s Lotte Cinema-Megabox Merger Collapses as JoongAng Group’s Financial Crisis Deepens

The proposed merger between Lotte Cinema and Megabox, which would have created South Korea’s largest theatrical exhibitor, has officially collapsed after roughly 14 months of negotiations, with the deal ultimately undone

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