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The amount of money that China's Wanda Group has socked away to put into acquisitions and...

  • Wednesday, September 5, 2012, 9:12 AM ET
    The amount of money that China's Wanda Group has socked away to put into acquisitions and investments in the entertainment business certainly isn't anything to sneeze at with reports out that the number could run as high as $30B. Wanda's Chairman is currently in L.A. meeting with execs from five major movie companies. The likely suspects: DIS, CMCSA, TWX, VIAB, LGF. (Previous: Wanda Group looks for theater chains to buy)
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    Reading International (RDI) would also be a perfect candidate for Wanda, not only for its sizable >70% market share in Hawaii, and Angelika Film Center franchise (all contributing to RDI being #11 in US) but also for its #4 market share in Australia and #3 share in New Zealand AND its substantial developable real estate in all three countries – after all Wanda’s roots are real estate development.


    After AMC Acquisition, Chinese Mogul Sees $10 Billion in New U.S. Investment
    http://nyti.ms/NRyr3b
    5 Sep 2012, 11:26 AM Reply Like
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