Chinese Eye Hollywood Studios

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Kathrin Hille and Matthew Garrahan, Chinese Eye Hollywood Deals; Media tycoon looks to acquire film companies; Domestic box office receipts drive interest. Financial Times, Jan 23, 2012.

Quote:

"A consortium led by Bruno Wu, the Chinese media tycoon, is scouring Hollywood

"Mr Wu, Harvest Global Investment, and Pacific Alliance Group, the fund run by Shan Weijian, former head of TPG China, held preliminary talk with Summit Entertainment, the company behind the Twilight vampire films, and Colony Capital, which owns Miramax, about a proposed deal to merge the two companies and then acquire the bew entity, say people familiar with the matter.

"The consortium lost out to Lions Gate Entertainment, the independent film studio that this month agreed to acquire Summit for $413m.