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CEO Aron who sent meme stock AMC sky high gets a new responsibility

CEO Aron who sent meme stock AMC sky high gets a new responsibility
techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.

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Wanda Sells Most of Remaining AMC Entertainment Stock Shares

Wanda Sells Most of Remaining AMC Entertainment Stock Shares
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Wanda Group

According to Chinese news sources, Netflix, Inc. (NASDAQ: NFLX) is preparing an entry to the Chinese market. The report added that Netflix will team up with Wanda Group after Alibaba Group Holding Ltd (NYSE: BABA) attempted to form a partnership. Netflix has been eyeing the Chinese market. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:

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Wanda Cashes In on AMC Theatres Reddit-Fed Stock Surge

Wanda Cashes In on AMC Theatres Reddit-Fed Stock Surge
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Wanda Sold $220 Million of AMC Theatres Stock Amid Reddit Surge

Wanda Sold $220 Million of AMC Theatres Stock Amid Reddit Surge Wanda America Entertainment on Friday revealed its stake in cinema chain dropped from 9.8% to 6.8%Diane Haithman | April 9, 2021 @ 11:15 AM Last Updated: April 9, 2021 @ 11:37 AM AMC Theatres Wanda America Entertainment (WAE), the U.S.-based division of China’s Wanda Group, sold 15.6 million shares of AMC Theatre stock for around $220 million amid a stock surge in social news aggregator Reddit, according to a Friday SEC filing. WAE revealed in the filing that the sale brings its stake in the cinema chain down from 9.8% to 6.8% In March, Chinese conglomerate Wanda said in an SEC filing that it had given up its majority stake in the theater chain AMC Entertainment, operating as AMC Theatres, bringing their ownership down to 9.8%. It had cut 23% of the company’s outstanding common stock and 47.3% of the combined voting power back on Dec. 31.

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