Dalian Wanda Group has agreed to acquire a majority stake in U.S. movie studio firm Legendary Entertainment for between US$3 billion and US$4 billion, according to Reuters citing a person familiar with the matter. Wanda, controlled by China’s richest man Wang Jianlin, will own slightly over half of the Burbank, California-based Legendary Entertainment. Legendary’s founder […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.