China's Wanda Cinema to take over movie-making arm in $5.7b cash-cum-stock deal

China's Wanda Cinema to take over movie-making arm in $5.7b cash-cum-stock deal

Visual from Wanda Group's website.

Chinese tycoon Wang Jianlin’s Wanda Cinema Line Corp, the country’s biggest cinemas operator, said on Thursday it plans to acquire movie-making affiliate Wanda Media for 37.2 billion yuan ($5.7 billion) in cash and shares.

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