San Antonio's Santikos chain buying 17 other cinemas across Southern U.S.
San Antonio-based movie chain Santikos Entertainment has struck a deal to nearly triple its size and expand its footprint to seven states outside of Texas, the San Antonio Business Journal reports. Under the transaction, Santikos will buy 17 cinemas with a total of 250 screens across Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Texas from VSS-Southern Theaters LLC, a New York-based private equity firm. Four of those theaters are IMAX venues.
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