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...Legendary, which was acquired by China’s Dalian Wanda for $3.5bn in 2016, is now profitable, according to people familiar with the matter....
...It made its investment in Legendary on a preferred basis, giving it seniority to equity holder Dalian Wanda, a foundering Chinese conglomerate that overpaid for the outfit, spending $3.5bn in 2016....
...It was acquired by China’s Dalian Wanda group in 2012 for $2.6bn....
...AMC was acquired by Dalian Wanda for $2.6bn in 2012 but in 2018, after Beijing cracked down on overseas investments, the Chinese conglomerate sold $600m worth of shares back to the company in a deal backed...
...However, the deal faced criticism from Puerto Rico’s governor Wanda Vázquez. In a statement, she pushed back on the fact that the new agreement does not unwind proposed pension cuts....
...It is impossible to discuss astronomy and sonification without mentioning the research of Wanda Díaz-Merced, a blind astronomer whose doctoral thesis explored the use of sound as an adjunct to visualisation...
...You had a little-known provincial airline called HNA buying hotels in billion-dollar deals and property developer Dalian Wanda pushing into the film industry with the buyout of California-based Legendary...
...In a Facebook video, Mr Rosselló said he would stay for nine days to ensure an “orderly transition” before handing power to Wanda Vásquez, secretary of justice, on August 2....
...And why, for instance, only a clarinet of Patti Smith’s has been included instead of one of her many guitars. “Do women have to be naked to get into the Met Museum?” asked The Guerrilla Girls in 1989....
...Herbert Smith Freehills has named 22 new partners to its global partnership, eight of whom are women. The full list can be found here....
...More on that deal here, including details on the purchase price and Wanda’s return....
...“Entertainment in Saudi Arabia is more than just fun and games,” Kristin Smith Diwan, a senior resident scholar at the Arab Gulf States Institute in Washington, wrote in March....
...Reporting by Don Weinland in Hong Kong, Sherry Fei Ju and Lucy Hornby in Beijing, Robert Smith and Arash Massoudi in London and Ralph Atkins in Zurich...
...HNA is among a group of Chinese companies including Dalian Wanda, Anbang Insurance and Fosun International facing scrutiny after a flood of aggressive overseas investment, as Beijing looks to stem capital...
...Companies such as HNA and Dalian Wanda, once champions of global dealmaking, have been considerably reined in....
...has seen increased scrutiny of the opaque financing techniques large Chinese conglomerates use to buy overseas assets, particularly after Chinese regulators asked banks to probe their exposure to Dalian Wanda...
...HNA and Dalian Wanda, which were also named, are publicly selling property and other assets the government has said aren’t fit for foreign investment....
...O’Melveny, a law firm, has hired David M Smith, Robert T Graffum, and Nicolai M Schwarz-Gondek as partners in its M&A practice from Stradling Yocca Carlson & Rauth. Read more about them here....
...Get in touch with us: Due.Diligence@FT.com Altice and Goldman A scoop from the FT’s Robert Smith and Harriet Agnew on Monday — about Goldman Sachs’ efforts to sell on debt exposure to Altice — sent some...
...At Wanda, management has already started what appears to be a massive sell-off....
...However, US Republicans have voiced concerns over China’s incursion into America’s film industry, with 16 lawmakers — led by congressman Chris Smith — this month calling for greater scrutiny of Chinese investment...
...“Tying up to a media business has become very hip,” says Michael Fosh of the Beijing office of Reed Smith, a law firm that handles entertainment deals....
...I think they would recognise that it’s a bit like Danone — it is not biddable,” said Neil Smith, an analyst at Bankhaus Lampe....
...Curator Wanda Corn persuades us that O’Keeffe’s fashion sense inspired her art....
...While accountants PwC and law firm Reed Smith will both take home fees for their work on the deal, no bank was listed as an adviser to Wanda....
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