Convenience store operator Lawson Inc. announced on Wednesday it will acquire United Cinemas Co., a Tokyo-based cinema complex operator, in a deal estimated at more than JPY10 billion (USD98.1 million).
Lawson will buy all shares in the holding company of United Cinema from the existing shareholders, including private equity fund Advantage Partners LLP.
Lawson sells entertainment tickets and music and video software through Tokyo-based subsidiary Lawson HMV Entertainment Inc.
(Source: The Japan Times Online)