Wednesday, January 23, 2019
China's Wanda buys Legendary Entertainment for $3.5 billion
  • BEIJING (AP)
  • --

Wanda Group announced Tuesday it is buying Hollywood's Legendary Entertainment, the maker of films such as "Batman," for $3.5 billion in the first Chinese acquisition of a major U.S. film company.

Wanda, whose chairman, Wang Jianlin, is one of China's richest businesspeople, has expanded...

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