wanda
Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion
January 12, 2016 by elegant · Leave a Comment
Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin said he plans to package Legendary, behind hits like “Jurassic World”, with existing movie production assets in China and sell shares in the…
Read more:
Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion