Companies That We Believed To Be American, But They Are Really Not!

Published on 10/05/2021
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Legendary Entertainment Group

After acquiring AMC and experiencing tremendous success in the film industry, Dalian Wanda Group decided to go all-in by purchasing a movie studio in 2016. Legendary Entertainment Group sold a $3.5 billion interest in the Chinese company. At the time, Dalian Wanda Group intended to absorb it into its existing assets. However, it was determined that the wisest course of action was to leave things alone. It’s time to evaluate LEG’s performance after four years of ownership. Jurassic World: Fallen Kingdom, Pacific Rim: Uprising, Kong: Skull Island, and Skyscraper have all been released since the acquisition!

Legendary Entertainment Group

Legendary Entertainment Group

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Hoover US

When Hoover originally opened its doors in 1908, it established a reputation as a reputable American appliance maker. A corporation named after its founder, William Henry Hoover, has grown into a household name. Despite the fact that for a long period, everything stayed local, Techtronic Industries paid $107 million for it in 2006, and everything changed. Although the headquarters remain in North Carolina, the central office has moved to Hong Kong. The Chinese conglomerate is massive, employing more than 30,000 people and generating annual revenues of more than $7.7 billion dollars. Even if the corporation’s headquarters are no longer in the United States, it remains in capable hands.

Hoover US

Hoover US

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