Why is Cirque du Soleil Entertainment Group poised to accept a recapitalization offer from a group of lenders? Is the company struggling? Was it due to COVID-19 and a halt in performances?

It became a low quality economy centered mass phenomenon instead of a 'deep' cultural thing like former old style circus individual acrobats.

And so it was vulnerable to Covid and

walks it's earthly way to bankruptcy.

https://www.google.ch/amp/s/business.financialp...