US COMPANIES OWNED BY FOREIGNER!!!!
US COMPANIES OWNED BY FOREIGNERS!!!!
https://za.investing.com/magazine/american-companies-that-are-no-longer-american/
https://za.investing.com/magazine/american-companies-that-are-no-longer-american/
AMC
Original Headquarters: Leawood, KS
Purchased By: Dalian Wanda Group
Country: China
Purchased By: Dalian Wanda Group
Country: China
AMC cinemas have been around for 100 years, providing movie lovers with a wonderful, relaxing experience watching the latest blockbuster hits. AMC is prolific for many reasons, not least because it’s the largest movie theatre chain in the world.
AMC might be short for American Multi-Cinema, but in reality, Chinese company Dalian Wanda Group was the majority stakeholder from 2012-2018. This did change slightly when Silver Lake Partners made a $600 million investment back in 2018, but Wanda Group still calls the shots when it comes to making decisions at the executive level.
General Electric
Original Headquarters: Boston, MA
Purchased By: Haier
Country: China
Purchased By: Haier
Country: China
General Electric may have started out as a relatively small brand when it was founded in 1892, but the company has grown exponentially since then. Now, GE has its fingers in a lot of pies, from aviation and healthcare to power and venture capital. It’s a titan.
Many Americans find the brand appealing because it has a “Made in America” stamp on its products, however, the company has been owned by Chinese company Haier since 2016. Haier bought GE for $5.4 billion, a recording breaking sum at that time. The products are still made in the USA, but the decisions are made in China.
