China’s Wanda Set to Announce ‘Major Deal’ on Friday

Bloomberg: Dalian Wanda Group, the Chinese conglomerate that has been on an acquisition spree, plans to announce a “major deal” on Friday, billionaire chairman Wang Jianlin said. Wang, who spoke at Oxford University, didn’t provide details of the deal. Wang, who vies with Alibaba’s Jack Ma as China’s richest man, has had a busy year by agreeing to buy “Godzilla”-producer Legendary Entertainment for $3.5 billion, among other moves.