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OverviewAPI
Cineplex, Canada's largest theater chain, is exploring the sale of its digital advertising business, aiming to reduce debt. The potential sale would represent about 3% of Cineplex's total revenue. Kinepolis Group NV, a major European theater operator, considered a bid but decided against it due to regulatory challenges. However, Kinepolis may still pursue a deal through partnering with another bidder to acquire some of Cineplex's theaters.

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