China's Wanda Cinema to take over Legendary Pictures for $5.7 bln
May 12, 2016 at 11:11 AM EDT
SINGAPORE, May 12 (Reuters) - Chinese tycoon Wang Jianlin's Wanda Cinema Line Corp, the country's biggest cinemas operator, said on Thursday it plans to acquire movie-making affiliate Wanda Media for 37.2 billion yuan ($5.7 billion) in cash and shares.
