Bloomberg Law
Feb. 8, 2023, 4:56 PM

Cineworld’s Assets Attract Potential Buyers in Bankruptcy

Amelia Pollard

Cineworld Group Plc has received “a lot of interest” from potential buyers of the movie-theater company’s assets in its bankruptcy, said Josh Sussberg, the firm’s attorney, in court on Wednesday.

  • Several parties have executed NDAs with Cineworld and have been “actively involved in the process since the January launch,” according to an in-court presentation
  • NOTE: Deadline for potential buyers to express interest is Feb. 16, with a possible second phase for the firm to solicit binding bids

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