China’s Wanda Cinema to acquire PE-backed Wanda Media for $5.7b
Wanda Cinema Line, China’s largest cinema chain operator, plans to acquire its movie-making affiliate Wanda Media, which is backed by several PE investors, for RMB37.2 billion ($5.7 billion) in a cash and stock swap.
According to a filing, Shenzhen-listed Wanda Cinema's purchase of Wanda Media will facilitate an exit for 33 existing shareholders, including Hony Capital, which holds a 6.72% stake in the unit. In February,...
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