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Merger of Korean Cinema Chains Lotte and Megabox Collapses
The long-gestating tie-up would have created Korea's largest theater chain, but talks stalled as Megabox owner JoongAng Group slid into a liquidity crisis.
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koreaherald.com
Lotte Cinema-Megabox merger collapses
Lotte Cinema and Megabox, South Korea's No. 2 and 3 cinema chains, will no longer pursue a merger, Lotte Shopping announced Wednesday. In the company's corporat
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variety.com
Korea’s Lotte Cinema-Megabox Merger Collapses as JoongAng Group’s Financial Crisis Deepens
South Korea's Lotte Cinema-Megabox merger collapses as parent JoongAng Group's financial crisis triggers rehabilitation filings.
