Getting your player ready...
Billionaire Mark Cuban has put his Landmark Theatres and Magnolia Pictures up for sale, saying entertainment companies are attracting “huge valuations.” Cuban, 52, is “just testing the waters,” he said Tuesday in an e-mail in response to a question from Bloomberg News. “We won’t sell unless the offer is very, very compelling.”
Moelis & Co., a New York-based investment bank, is handling the auction. Landmark operates 55 cinemas with 245 screens, including five venues in the Denver area.
