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Wanda in talks to buy Lions Gate, MGM stakes
Its chairman also wants to acquire large theatre networks in Europe
Add BT as a preferred sourcePublished Mon, Dec 1, 2014 · 09:50 PM
Hong Kong
DALIAN Wanda Group Co, which controls the second-biggest US cinema chain, is in talks to acquire a stake in film studio Lions Gate Entertainment Corp, billionaire chairman Wang Jianlin said.
The Beijing-based company is interested in buying control of Lions Gate, the US$4.7 billion studio behind the Hunger Games films, although its owners have only been willing to sell a minority stake, Mr Wang said in an interview. Talks are at an early stage and may not lead to a deal, he noted.
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