BEIJING (AP) — Chinese conglomerate Wanda Group says it is buying Hollywood film company Legendary Entertainment for $3.5 billion.
Wanda, which already owns the AMC cinema chain in the United States, said Tuesday the acquisition will be China's biggest "cross-border cultural acquisition" to date.
Wanda chairman Wang Jianlin said in a statement that with its latest acquisition, his company's film businesses will include a full range of production, distribution and exhibition.
Legendary's productions have included the "Batman" trilogy, "Inception" and "The Hangover."
