Wang Jianlin

China Underground >

Wanda Cinema to take over Legendary Pictures for $5.7 billion

SINGAPORE (Reuters) – Chinese tycoon Wang Jianlin’s Wanda Cinema Line Corp <002739.SZ>, the country’s biggest cinemas operator, said on Thursday it plans to acquire movie-making affiliate Wanda Media for 37.2 billion yuan (4 billion pounds) in cash and shares.

Read more