China's Dalian Wanda reportedly in talks to buy European theater chain

  • China's Dalian Wanda Group is in talks to acquire a European chain of movie theaters, according to a report in The Wall Street Journal Sunday.

    The privately-held firm is reportedly interested in purchasing UK-based chains, Odeon & UCI Cinemas Holdings and Vue Entertainment, the Journal reported, citing people familiar with the situation.

    Last year, the Wanda Group became the world's biggest movie theater owner following a $2.6 billion acquisition of U.S. multiplex operator AMC Entertainment.

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