Dalian Wanda, the Chinese conglomerate led by one of Asia’s richest men, is struggling to complete its $1bn buyout of Dick Clark Productions as a regulatory clampdown in China shows signs of hitting even some of the country’s best-connected groups.
The high-profile acquisition of the US production company behind the Golden Globe Awards had run into a regulatory snag afflicting many of the Chinese companies trying to buy assets overseas, said two people with knowledge of the deal.
Approval from regulators had been delayed but not denied, both people said.
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