Dalian Wanda buys Legendary Entertainment (2016)
Chinese conglomerate Dalian Wanda, led by Wang Jianlin, bought Hollywood's Legendary Entertainment for $3.5 billion, then the largest Chinese acquisition of a US media company. Legendary produced 'Jurassic World' and the 'Dark Knight' trilogy.
Wanda gained control of a major Hollywood producer and pledged to build a Chinese film studio.
Wanda's US ambitions faded under Chinese capital controls; it sold down the stake and Legendary was later absorbed into another deal.
Shows a state-linked foreign power taking operational control of a US studio. The Gulf funds here get no voting or creative control, only non-voting equity.
