Chinese Company, To Purchase AMC (But NOT that AMC)

[primestar31]

Well, well, well. Maybe this explains some things:

Dalian Wanda Group, Chinese Company, To Purchase AMC Entertainment

Dalian Wanda Group, Chinese Company, To Purchase AMC Entertainment

BEIJING (AP) — 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.

More to read at the link. Is this the same outfit that owns AMC networks and such that Dish is about to drop?

 

[Scott Greczkowski]

I don't believe it is the same AMC.

 

[Bradtothebone]

No, this is AMC Theaters, based in Kansas City.

 

[mike123abc]

No, AMC (American Multi-Cinema) is not the same company.

 

[Tampa8]

I admit, wasn't sure till I looked it up......

 

[John Kotches]

Will it now be COAMC ? CO == Chinese Owned

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[CK SatGuy]

I usually go to AMC theatres all the time when I go to the movies, but now that this Chinese Company is buying them, well, let's hope that the service doesn't get screwy or anything or I'll quit going there.