Wanda buys Legendary studio for $3,500,000,000

Dalian Wanda Group Co announced on Tuesday that it has acquired US film studio Legendary Entertainment for $3.5 billion in cash, marking China's largest cross-border cultural acquisition to date.

Thomas Tull will remain as chairman and CEO of Legendary and will continue to be responsible for its day-to-day operations.

Legendary is a leading film production company that owns film, television, digital and comics divisions. The company has delivered many of the world's blockbusters, including the Batman trilogy, Inception and The Hangover.