China Wanda Group in talks to acquire stake in Lions Gate studio
Chinese conglomerate Wanda Group is in talks to acquire a stake in Lions Gate Entertainment Corp the $4.7 billion studio behind "The Hunger Games" movies.
Wanda Group, which runs department-stores, tourism businesses and chain of movie theaters in China, acquired AMC Entertainment in 2012 for $2.6 billion to expand into the US. Talks with Lions Gate are at an early stage. Wanda has also held discussions about investing in Metro-Goldwyn-Mayer, the producer of James Bond films.
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More details follows from Bloomberg
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