Cineworld buys movie theater chains Regal to expand in the U.S.

Too many founders build their buyer lists around familiar names. Expanding the search beyond industry peers can lead to stronger valuations, better terms, and more competitive sale processes.

The states argue that allowing the transaction to close would trigger layoffs and the sharing of competitively sensitive information between the two companies.

The combined company is expected to become the third-largest player in U.S. television by share of viewing.