Korean cinema merger of Lotte and Megabox collapses amid JoongAng Group liquidity crisis
The long-planned merger between South Korean cinema chains Lotte and Megabox has collapsed after talks stalled. The deal would have created Korea's largest theatre chain, but broke down when Megabox's owner, JoongAng Group, slid into a liquidity crisis. The tie-up had been in the works for an extended period.
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