the largest movie theater operator in
the u.s. may soon be Chinese controlled
by China's Dalian Wanda group AMC
entertainment agreed to pay $30 a share
for Carmike Cinemas in a 1.1 billion
dollar takeover the deal is the latest
blockbuster overseas acquisition by a
big Chinese company Chinese companies
have been snatching up assets across the
globe from Swiss pesticide makers
Syngenta to the world's largest beer
brand the AMC Carmike deal would make
the Chinese controlled AMC entertainment
the biggest movie theater operator in
the world bringing in AMC and its
cash-rich parent Wanda could help spruce
up Carmack's aging theatres AMC CEO said
he plans to introduce recliner seats
dine in food and alcohol to some sights
unlike AMC's theaters car mics are
mostly located in suburban areas and the
two companies don't compete in most
markets that should ease antitrust
scrutiny of the deal the deal will be
the latest splashy acquisition for
Chinese entertainment and property
conglomerate Dalian Wanda group 1 -
purchased AMC in 2012 for 2.6 billion
dollars since then Wanda has struck some
big deals in Hollywood including the
recent acquisition of legendary
entertainment which owns the rights for
movies such as Godzilla Jurassic world
and Straight Outta Compton the 3.5
billion dollar acquisition announced in
January is the biggest China Hollywood
transaction to date a string of deals
this year is giving Chinese companies a
foothold in industries ranging from
movies to washing machines in the US and
Europe