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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge

Cineworld shares jump on reports of takeover offer from Vue

Cineworld VUE Vue International United States Covid-19 Pandemic
The Regal multiplex owned by Cineworld in Union Square, New York City
The Regal multiplex owned by Cineworld in Union Square, New York City. Photograph: Ron Adar/Rex/Shutterstock

Shares in the embattled cinema operator Cineworld jumped on reports of a takeover offer from rival company Vue International.

The debt-laden chain, which was forced to file for bankruptcy protection in the US last autumn, was up nearly 20% on Monday on reports that Vue International, Europe’s largest privately owned cinema operator, has obtained financial backing from its new shareholders as it eyes up a takeover bid for Cineworld.

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