Wanda confirms $3.5bn Legendary acquisition

Jan 12, 2016 • Robert Lavine

SoftBank is among the exiting investors as conglomerate Dalian Wanda acquires US film and comics producer Legendary Entertainment.

Real estate and cinema group Dalian Wanda confirmed yesterday it has acquired US-based film studio Legendary Entertainment for $3.5bn, providing exits to investors including telecommunications and internet company SoftBank.

News of the deal was originally reported by Reuters last week. Legendary has produced a string of blockbusters since it was launched in 2004, including Christopher Nolan’s Dark Knight trilogy, Man of Steel, 300, the Hangover trilogy and last year’s highest grossing film, Jurassic World.

The studio, which also runs…

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