Chinese media empire Wanda Group Co. acquired one of the major American cinema chains owned by AMC Entertainment Holdings, Inc. This is reported by The Hollywood Reporter.
The deal is worth $ 2.6 billion. About $ 500 million more, the new owners are going to invest in the development of the network.
Thus, after the approval of the terms of the contract by the governments of the two countries, the Chinese Wanda Group Co. will become the owner of the world's largest rental network.
AMC is headquartered in Kansas City. In total, the company employs over 18 thousand people. Wanda Group Co. is one of the main investors in the Chinese entertainment industry.
The Topic of Article: The Chinese became the owners of the largest cinema chain in the world.