Cuban picks up shares of Carmike

posted by Michael Zoldessy on December 31, 2008 at 9:55 am

Already owning part of the Landmark Theatres chain, Mark Cuban is broadening his portfolio by buying shares of Carmike Cinems.

Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team and co-owner of the Landmark Theaters cinema chain, has acquired a 9.4% stake in Carmike Cinemas (CKEC), according to a regularly filing on Monday.

In the Securities and Exchange Commission filing, Cuban reported buying 1.2 million Carmike shares on the open market for roughly $2.8 million of his own funds. According to the filing, Cuban has been acquiring the shares through his personal investment account since mid-October.

Read more in USA Today.

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