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After getting a taste of show business with the AMC purchase, Dalian Wanda bought a movie studio to go with its theaters in 2016. The $3.5 billion deal put Dalian in charge of the co-financier of “Jurassic World,” “Warcraft” and “Pacific Rim.”
Initially, the company planned to fold Legendary into its conglomerate, but decided to operate it independently for a while, until the studio can show a steady stream of profits.
THE WALDORF ASTORIA
Anabang Insurance Group, the buyer of this well-known Manhattan hotel was unknown in 2014, when it paid nearly $2 billion for the establishment. But it has since become a more common name to investors, buying U.S. insurer Fidelity & Guaranty Life last fall and attempting to buy Starwood Resorts, only to lose out to Marriott at the last minute.
Despite that high purchase profile, it’s one of the more mysterious Chinese acquirers as the leadership at the company is unclear to outsiders, with no clear leader. (The company told the Wall Street Journal it is owned by more than 30 corporate investors, but the Journal was unable to verify that.)
STRATEGIC HOTEL AND RESORTS
Anabang’s interest in the hotel sector weren’t limited to the Waldorf and Starwood. Last year, Blackstone Group sold its line of luxury hotels to the Chinese company for $3.93 billion (roughly $6 billion including debt). The deal put Anabang in charge of 16 properties, including assorted Ritz-Carlton locations in California, the Fairmont Scottsdale in Arizona, and the Four Seasons Resort in Jackson Hole, Wyoming.
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