Overnight the value of the pound dropped from around $1.48 to $1.36, and has since slipped as low as $1.28.
It remains to be seen, however, whether the acquisition will have a tangible impact on the moviegoing experience for audiences in Europe.
AMC Entertainment is itself a subsidiary of Chinese conglomerate The Wanda Group, which acquired the U.S. theater chain for $2.6 billion in 2012.
According to THR, AMC Entertainment has announced a definitive agreement to acquire the London-based Odeon & UCI Cinemas Group, which operates Odeon and UCI theaters and is the largest movie exhibitor in Europe.