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The Popcorn Should Be Safe, Says Twitter Post PVR-Sathyam Deal

PVR to acquire SPI ‘Sathyam’ Cinemas, Twitter disheartened by this merger. 

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Memories and popcorn...

Yep, that is what Twitter users are talking about post the PVR-Sathyam deal!

Not in the loop yet? Here’s what happened:

Recently, the premium multiplex chain PVR said it was acquiring SPI cinemas, owners of Sathyam Cinemas, one of the largest cinema exhibitors in South India. In a cash and stock deal, PVR will acquire SPI Cinemas, which also operates brands like Escape, Palazzo, The Cinema and S2, at an enterprises valuation of over Rs 850 crore, according to Economic Times.

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