Missouri Minute: AMC adds to European presence; Sprint acquires stake in music streaming service

Here are today’s top business headlines from across Missouri:

AMC adding to European presence with $929 million deal

AMC Entertainment Holdings on Monday announced another blockbuster buyout, pushing its own screens total to 11,000 worldwide. Leawood, Kansas-based AMC, the world’s largest theater operator, will purchase Nordic Cinema Group Holding AB in a deal valued at $929 million. Read more

Sprint acquires stake in Jay Z’s music streaming service, Tidal

Sprint Corp. will acquire 33 percent of Jay Z’s music streaming service, Tidal, and will partner with Tidal to provide exclusive content to customers, the company announced. According to Billboard, Overland Park, Kansas-based Sprint paid $200 million for the one-third stake. Tidal is adding Sprint CEO Marcelo Claure to its board of directors as part of the agreement. Read more

Brookfield in talks to buy SunEdison’s TerraForms

Brookfield Asset Management Inc., Canada’s largest alternative asset manager, has entered into exclusive talks to buy bankrupt SunEdison Inc.’s two yieldcos, valuing the power companies at as much as $2.46 billion. Read more

Federal judge rules Ameren’s Rush Island plant violates Clean Air Act

A federal judge in St. Louis ruled Monday that Ameren Missouri’s coal-fired Rush Island power plant violates the Clean Air Act, a decision that could ultimately force the utility to spend hundreds of millions of dollars on pollution equipment. Read more

Secretary of State defends choice for Missouri’s securities commissioner

Missouri Secretary of State Jay Ashcroft is coming to the defense of David Minnick, his appointee to head the state’s division of securities. Minnick has been under fire from Democrats in the legislature because he now heads the office that’s investigating his former employer, Stifel Financial Corps, for “undisclosed allegations.” Read more

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