Wanda Cinemas, part of the vast Dalian Wanda Group conglomerate, said on Monday it is planning to acquire a 97% stake in Wanda Media in a deal worth more than 11.61 billion yuan (US$1.78 billion), Yicai.com reported. Wanda Media is a film production and distribution subsidiary of Wanda Group. Thus, by acquiring the company, Wanda […]
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