Chinese company to buy Hollywood studio stake for $3.5B

Posted online January 12, 2016 | 12:37 pm

China's Dalian Wanda Group announced plans buy a controlling stake in Hollywood film studio Legendary Entertainment in a deal valued at $3.5 billion.

Legendary is the studio behind "Jurassic World," the latest Batman trilogy and "Godzilla."

Movie theater operator Dalian Wanda is led by China's richest man, Wang Jianlin.

Read more from BBC News.

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