Chinese Investment Firm buys majority stake in "The Dark

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http://www.reuters.com/article/us-legendaryentertainment-m-a-dalianwand-idUSKBN0UJ01B20160105

>>Chinese property and investment firm Dalian Wanda Group has agreed to acquire a majority stake in Legendary Entertainment, valuing the U.S. movie studio company at between $3 billion and $4 billion, according to a person familiar with the matter.

>>The move represents Wanda's latest bid to expand overseas and become a major player in the U.S. entertainment industry following its acquisition of AMC Entertainment Holdings, the second-largest movie theater chain in North America, for $2.6 billion in 2012.

>>Founded in 2000, Legendary has produced hits such as "The Dark Knight," "Jurassic World," "Man of Steel," and the 2014 remake of "Godzilla," as well as "The Hangover" film franchise.