Chinese firm buys AMC to form world’s largest cinema chain?

China’s Dalian Wanda Group and AMC Entertainment announced Monday a $2.6 billion deal to take over the U.S. theater group, forming the world’s largest cinema chain, according to a new release on the deal.

The move is the latest in a raft of deals between U.S. entertainment companies and Chinese firms, linking the world’s largest theater market with the world’s fastest growing.

“This acquisition will help make Wanda a truly global cinema owner, with theatres and technology that enhance the movie-going experience for audiences in the world’s two largest movie markets,” said Wang Jianlin, chairman and president of Wanda.