Comment on Dick Clark Productions Sale To Wanda Group Slowed By Chinese Deal Limits

Dick Clark Productions Sale To Wanda Group Slowed By Chinese Deal Limits

Wanda Group’s $1 billion deal to buy Dick Clark Productions has been delayed — but not derailed — as a result of China’s recent effort to limit capital flight from the country. The early November pact is now expected to close in a matter of weeks as the companies grapple with controls that China’s Commerce Ministry imposed late last year on overseas deals of $1 billion or more. Former Guggenheim Partners president Todd Boehly's Eldridge Industries controls DCP, which…

 

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