Wanda to acquire PE-backed Chinese movie portal Mtime
China’s largest cinema group Wanda Cinema Line has agreed to assume full control of Mtime.com, a local online movie ticketing platform backed by several VC investors, in a deal worth $280 million.
Shenzhen-listed Wanda Cinema, which acquired a 20% stake in Mtime last year, will buy the remaining 80% from investors including Tiger Global Management and Eight Roads Ventures, formerly called Fidelity...
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