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China's Wanda Group buys US filmmaker Legendary for US$3.5b

Film studio's productions have grossed more than US$12 billion at box offices worldwide


CHINESE conglomerate Wanda Group signed a deal in Beijing on Tuesday to buy US film studio Legendary Entertainment, the maker of blockbusters Jurassic World and Godzilla, for US$3.5 billion.

The agreement was "China's largest cross-border cultural acquisition to date", said