A 5000+ screens U.S. Cinema chain is bought by Chinese Group Wanda
A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China’s biggest takeover of an American company to date.
Dalian Wanda Group Co.’s purchase reflects the global ambitions of a wave of cash-rich Chinese companies that are using acquisitions to speed their expansion by obtaining foreign skills and brand names.
About J. Querfurth
Judith has joined the Ozseeker Ltd team in February 2013. She has recently taken over the administration of the website's publications and is carefully selecting the latest news about 'Leisure Property Development' for our readers.
Share This Post!