Chinese Wanda Group acquires majority stake in US movie studio Legendary Entertainment

Chinese Wanda Group acquires majority stake in US movie studio Legendary Entertainment

The logo of the Dalian Wanda Commercial Properties

Chinese property and investment firm Dalian Wanda Group has agreed to acquire a majority stake in Legendary Entertainment, valuing the U.S. movie studio company at between $3 billion and $4 billion, according to a person familiar with the matter.

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