China's buying spree continues as cross-border deals top $113 billion
Cash-rich buyers eye hotel chains and Hollywood studios
China’s Anbang Insurance which has twice sweetened its offer to buy Starwood Hotels & Resorts is engaged in a high-stakes bidding war with Marriott to acquire the owner of the upscale Sheraton, Westin and St Regis brands.
Now, cash-rich Chinese buyers, often backed by generous lending from state banks, are trying to diversify into everything from lodging, cranes and pesticides to semiconductors, flat-screen TVs and Hollywood studios in a quest to expand into...
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