Wang Jianlin, China’s richest man, buys Hollywood studio

0

1.8554447

China’s richest man,Wang Jianlin, recently acquired Hollywood film studio.

Billionaire, Wang Jianlin, has splashed out $3.5 billion (£2.4 billion) on the US film studio behind blockbusters including Godzilla, Man of Steel and The Dark Knight.

The move by Wang Jianlin’s Dalian Wanda property and leisure giant for Legendary Entertainment is its biggest bid yet to expand the empire overseas.

Wang’s recent deals include a £320 million swoop on UK yachtmaker Sunseeker in 2013.

Wanda is already the world’s biggest cinema operator.

The billionaire is worth an estimated $32 billion and plans to package Legendary with his Chinese film-production assets and eventually float the merged business.