Friday, January 15, 2016

Wang Jianling's Wanda Group Makes First Major Investment in Hollywood

Please, look at this very interesting information about Wanda Group's new acquisition in the US, the first major one Chinese transaction in Hollywood: it has acquired a majority stake in Legendary Pictures Films LLC for $3.5 billion in cash.

The deal not only gives Wanda access to Legendary’s catalogue of movies, but also access to expertise in creating more and better content for China’s expanding market, that reached $6.37 billion in 2015.

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