China: Wanda's $1b purchase of Dick Clark Productions falls apart

China: Wanda's $1b purchase of Dick Clark Productions falls apart

Dalian Wanda Group's Wanda Plaza building is pictured in Beijing, China, May 17, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Chinese conglomerate and cinema chain operator Dalian Wanda’s proposed $1 billion purchase of Dick Clark Productions Inc has fallen apart, online entertainment news website The Wrap reported on Monday, citing unnamed sources.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter