AMC announced this week its plans to buy fellow movie theater Carmike Cinemas1. The $1.1 billion deal will create the largest movie theater in the United States2. The deal, according to Wang Jianlin, AMC’s controlling shareholder, essentially boils down to a $30 per share cash offer, which represents a 19% premium over Carmike’s market price…
Author: Andrew Smith
Visa Plans to Repurchase Visa Europe
On Monday, November 2, Visa announced its plans to acquire its former European Unit, Visa Europe Ltd., for as much as $23.3 billion.1 The main objectives of the deal are to increase Visa’s international reach and to compete with MasterCard, its main competitor, who is already integrated in Europe.2 The two companies were previously one…
Airbnb Faces a Host of Challenges Amid Rapid Growth
Airbnb, the internet platform built to facilitate the listing and renting of lodgings, is expanding dramatically. Valued at $25.5 billion and now the “third most valuable venture capital-backed company in the world,” the website is expected to see a 100% increase in nightly bookings this year alone.1 Yet with the company’s exponential growth has come…