Chinese Company Buys AMC 2.6B, Largest US Acquisition

AMC Theaters was just purchased for 2.6 billion dollars by the Chinese company Dalian Wanda Group, the largest US acquisition to date.  The acquisition was announced earlier today, which is to also include 500 million dollars of investments to further the growth of AMC Theaters. Dalian Wanda Group has 31 billion dollars in assets and owns commercial properties, luxury hotels, retail stores, as well as almost a thousand theaters.

AMC Celebration, walmond217

Sources:
http://hosted.ap.org/dynamic/stories/A/AS_CHINA_US_CINEMA_CHAIN

Press Release:
http://www.wanda.cn/group/news/hot/0521/13160.shtml

Press Release (English):
http://www.wanda.cn/English/group/news/13174.shtml

Shane Paris

​Shane is the founder and Technical Editor-in-Chief here at That's It Guys. He enjoys Star Trek, 80s and 90s action movies, and everything tech related. Shane is highly skilled with computer hardware, software, and electronics.