Cineworld bosses have provided an update on the business after the chain entered Chapter 11 proceedings in the US. Cineworld first announced last year that it had filed for bankruptcy in America due to issues including declining audience numbers after the coronavirus pandemic.
The company operates around 130 cinemas in the UK, one of which is based at The Cornerhouse building in Nottingham. In an update from Cineworld on Friday (February 24), the business said it had been approached by potential suitors interested in a takeover.
But it said none of the interested parties were reportedly willing to pay cash for the company, the Mirror reports. Cineworld confirmed: "The company has now received non-binding proposals from a number of potential transaction counterparties for some or all of the group’s business.
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