Wanda Cinema to buy media unit

Firm to take 100% share in owner of movie blockbuster maker Legendary Entertainment

Wanda Cinema Line Co, China's biggest cinema chain and a subsidiary of privately owned property giant Dalian Wanda Group Co Ltd, is seeking to acquire a 100 percent stake in Wanda Media, the owner of movie blockbuster maker Legendary Entertainment.

The company said in a statement on Sunday it will spend 37.2 billion yuan ($5.67 billion) on the acquisition.