China's Dalian Wanda acquired Legendary Entertainment for $3.5bn.

Dalian Wanda, a Chinese multinational conglomerate based in Beijing, acquired Legendary Entertainment, a leading film production company that owns film, television, digital and comics divisions, for $3.5bn. Wang Jianlin, Chairman of Wanda Group, commented on the deal. “The acquisition of Legendary will make Wanda Film Holdings Company the highest revenue-generating film company in the world, increasing Wanda’s presence in China and the US, the world’s two largest markets. Wanda’s businesses will encompass the full scope of film production, exhibition and distribution, enhancing Wanda’s core competitiveness and amplifying our voice in the global film market.”