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China's Wanda to invest in Paramount's 'Ninja Turtles' sequel

China's Wanda to invest in Paramount's 'Ninja Turtles' sequel

Chinese billionaire Wang Jianlin is teaming up with Michelangelo, Leonardo, Donatello and Raphael.

The businessman's conglomerate Dalian Wanda Group says it will invest in Paramount Pictures' upcoming sequel to "Teenage Mutant Ninja Turtles" in the latest example of China's richest man flexing his financial muscles in Hollywood. 

Terms of the deal were not disclosed. Wanda plans to make the investment through subsidiaries Movie Media and Wanda Cinema Line. 
 

Wanda is trying to extend its reach in the U.S. movie business.

In January, it announced a deal to buy production company Legendary...

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