May 22nd, 2012
12:55 PM ET

The Number: AMC movie theater company goes Chinese

Missouri-based movie chain AMC is now, a Chinese company. Private equity groups, including Bain Capital are selling the movie theater company in the biggest ever Chinese acquisition in the USA. The buyer is China's Wanda Group. The pricetag? 2.6 billion dollars.

AMC owns 346 theaters and more than 5000 movie screens. Thanks to that, Wanda is now not just China's biggest movie theater operator, but the world's. But before you get sad, and bemoan the Chinese takeover of the world.

Think of it this way - China wants movie theaters, because the world loves to go see American made movies.

That bring us to our number tonight: $1.2 billion.

That's how much the Avengers has made worldwide since release on April 25th.

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