Legendary Entertainment Acquires Wanda's Stake, Becomes Co-Owned with Apollo

The buyout marks a strategic shift for Legendary, allowing greater flexibility for expansion and future growth initiatives.

Legendary Entertainment has purchased the remaining 50% stake from China's Wanda Group, self-financing the deal from its cash reserves.
The buyout allows Legendary and Apollo Global Management to co-own the company, with an evenly split board between management and Apollo executives.
This acquisition ends Wanda's ownership, which began in 2016, and reflects a shift away from China's earlier ambitions in Hollywood.
The transaction was seen as timely and beneficial, enabling Legendary to explore new strategic growth opportunities without foreign ownership constraints.
Legendary continues to thrive, with recent box office successes like Dune: Part Two' and 'Godzilla x Kong: The New Empire,' and plans for future projects including adaptations of 'Minecraft' and 'Street Fighter.'