Chinese Company Buys U.S. AMC Theater Chain
Posted by Xeno on May 23, 2012
On Monday Dalian Wanda Group Co. released details on the deal which will be worth just over 2.6-billion-dollars. The buyout of AMC will be the largest corporate takeover by a Chinese company in the United States to date.
A spokesperson for Dalian said that after the takeover the company will put $500 million towards remodeling AMC’s theaters.
AMC has over 340 movie theaters, most of which are in the U.S. and Canada.