• Reuters, Bloomberg

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Flanked by models in white sequin dresses amid booming music and dazzling lights, China’s richest man savored his latest entertainment triumph this week: the announcement of a $3.5 billion deal to take over a Hollywood blockbuster movie studio.

Acquiring Legendary Entertainment on Tuesday puts Wang Jianlin and his conglomerate, the Dalian Wanda Group, a step closer to the ultimate goal: a movie empire underpinning a globally recognized, household name to rival Google, Apple or Microsoft.

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