Far east investor M&A of US movie theater chain valued at $2.6B

It's Official: China's Wanda Group to Buy AMC Entertainment

Source: hollywoodreporter.com

Under a deal that would create the worlds largest cinema conglomerate, China???s Dalian Wanda Group Co., Ltd. will acquire AMC Entertainment Holdings, Inc. The transaction is valued at $2.6 billion. Wanda, based in Beijing, intends to invest up to $500 million in AMC strategic and operating initiatives over time. ???This acquisition will help make Wanda a truly global cinema owner,??? Wanda Chairman and President Wang Jianlin said in a statement. ???We share with AMC a passion for the growth of the worldwide movie industry.???

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