5 iconic American companies owned by Chinese investors

8 total views, 1 views today

 

LEGENDARY ENTERTAINMENT GROUP

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.

READ MORE AND SHARE
President Buhari who returned to Nigeria on August 19, 2017 after spending one hundred and
Youths in Bauchi state on Sunday slaughtered a camel to celebrate President Buhari's return from
Facebook user, Muh'd Kabir Wusasa who vowed to drink mud water upon president Buhari's return,
Ministers in the Federal Government have been panic-stricken since the news broke that Acting President
Nigerian police authorities have detained three officers following the reported theft of household items at
sir_yommy

sir_yommy

A Student of the University of Ibadan.
I could be a geek sometimes and a Social person another time, it depends on the Circumstance.
To Contact me
BBM Pin: 5604CFE2
IG $ Twitter :Sir_yommy .

For Advert Placement email
Feralgang@gmail.com
sir_yommy

Leave a Reply

Your email address will not be published. Required fields are marked *