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
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Beijing
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 the Chinese firm, which is headed by the country's richest man Wang Jianlin.
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