 "Wang Jianlin, chairman of the Wanda Group")
China’s crackdown on overseas investment is hitting Hollywood, torpedoing a deal that would have put Metro-Goldwyn-Mayer Studios under Chinese control and placing other high-profile acquisitions in limbo.
Talks broke down between MGM and several Chinese companies late last year, an apparent casualty of China’s move to stanch capital outflows that has stalled the country’s shopping spree in Hollywood, according to people familiar with the matter.
The change comes after years of Chinese companies striking large deals, including the $3.5 billion acquisition of Legendary Entertainment in 2016 and a $1 billion film-financing infusion for Paramount Pictures last month.
An MGM sale would have been
