Legendary purchase underlines Wanda's global aims

Dalian Wanda continued its diversification into the international entertainment business with the $3.5 billion acquisition of US film studio Legendary Entertainment.

Legendary purchase underlines Wanda's global aims
Poster of "The Dark Knight Rises", one of Legendary's biggest cinema successes

Dalian Wanda Group's $3.5 billion acquisition of US film studio Legendary Entertainment Group has cemented its ambition to become an end-to-end Chinese entertainment company.

It is the fourth-largest Chinese purchase of a US company to date, according to data provider Dealogic, and sees the private conglomerate add the producers of such hits as Jurassic WorldGodzilla, and Pacific Rim to its growing film stable.

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