Wanda Cinema to buy media unit
By Zhu Wenqian | China Daily | Updated: 2016-06-07 07:08
Firm to take 100% share in owner of movie blockbuster maker Legendary Entertainment
Wanda Cinema Line Co, China's biggest cinema chain and a subsidiary of privately owned property giant Dalian Wanda Group Co Ltd, is seeking to acquire a 100 percent stake in Wanda Media, the owner of movie blockbuster maker Legendary Entertainment.
The company said in a statement on Sunday it will spend 37.2 billion yuan ($5.67 billion) on the acquisition.
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