AMC Entertainment Gets $600M Injection From Tech Investor Silver Lake, Sets Plan To Buy Back Some Wanda Shares

Read on: Deadline

AMC Entertainment announced it has closed a $600 million strategic investment from Silver Lake, a tech-oriented investment firm, and will use part of the proceeds to buy back Class B common shares owned by the Dalian Wanda Group. The deal will give Silver Lake, which has stakes in companies including Alibaba and Endeavor, a seat on the AMC board. AMC will also add a new independent director “with significant technology experience and knowledge, with support from Silver…