M&A Deal Summary

Cinemark Acquires Sea Turtle Cinemas

On May 3, 2011, Cinemark acquired media company Sea Turtle Cinemas

Acquisition Highlights
  • This is Cinemark’s 1st transaction in the Media sector.
  • This is Cinemark’s 1st transaction in the United States.
  • This is Cinemark’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2011-05-03
Target Sea Turtle Cinemas
Sector Media
Buyer(s) Cinemark
Deal Type Add-on Acquisition

Target

Sea Turtle Cinemas

Bluffton, South Carolina, United States
Sea Turtle Cinemas, Inc. is a operator of movie theatres in the Bluffton-Hilton.

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Buyer(S) 1

Buyer

Cinemark

Plano, Texas, United States
Category Company
Founded 1984
Sector Media
Employees8,976
Revenue 3.1B USD (2023)
DESCRIPTION

Cinemark is an operator of movie theaters in the United States, or U.S., Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia, Curacao and Paraguay. Cinemark was incorporated in 1984 and is based in Plano, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-26 Hoyts General Cinema South America

Buenos Aires, Argentina

Hoyts is one of the cinema operators in the southern cone of Latin America.

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