Billionaire Wang’s Wanda Cinema Buys Mtime.Com for $280 Million

  • Company says it will keep brand after cash deal: statement
  • Wanda bought Legendary Entertainment for $3.5b this year

Billionaire Wang Jianlin’s Wanda Cinema Line Co. will buy a Chinese website that provides news on the film industry and sells movie tickets, as the tycoon expands his entertainment-related business.

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