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Author Topic: Chinese company to buy US movie theater chain AMC  (Read 1830 times)

Online walkstall

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Chinese company to buy US movie theater chain AMC
« on: May 21, 2012, 08:56:34 AM »

BEIJING — A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest takeover of an American company to date.

Dalian Wanda Group Co.'s purchase reflects the global ambitions of a wave of cash-rich Chinese companies that are using acquisitions to speed their expansion by obtaining foreign skills and brand names.

Wanda said the deal will create the world's biggest movie theater operator. The Beijing-based company said it will invest an additional $500 million to fund AMC's development. AMC operates 346 cinemas, mostly in the United States and Canada, and says it has 23 of the 50 highest-grossing U.S. outlets.

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Offline Annoying Armed Conservative

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Re: Chinese company to buy US movie theater chain AMC
« Reply #1 on: June 12, 2012, 02:25:32 PM »
Hmm...  Maybe that's why Dish Network is ditching AMC...  Good for Dish, bad for John Wayne fans.
Summation of my views:  If it ain't in the Constitution the Feds shouldn't be allowed to do it.  As I see it Abortion and Gay Marriage is irrelevant Federally.  The 10th Amendment tells me so.  If I were forced to choose a side I'd vote against both, for Leftists can't be trusted.


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