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

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 $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. "American movie companies have the commanding heights of the movie industry in the world," Wang told reporters at the signing ceremony, adding t