American Brands That Have Been Bought Out By Other Countries

Published on January 4, 2023
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IBM (PC Division)

IBM was founded in 1911 as Computing-Tabulating-Recording Copmany in Armonk, New York by Herman Hollerith, Charles Ranlett Flint, and Thomas J. Watson, Sr. It was later renamed to IBM and is responsible for many of the technologies we rely on today like ATMs, magnetic stripe cards, the SQL programming language, and more. In 2005, the company sold its personal computer (PC) division to Chinese company Lenovo Group.

IBM (PC Division)

IBM (PC Division)

Legendary Entertainment Group

Founded in Burbank, California, Legendary Entertainment Group was purchase by Chinese investment group Dalian Wanda Group for $3.5 billion in 2016, following the group’s acquisition of AMC as well. Since Dalia Wanda took over, films like Kong: Skull Island, Pacific Rim: Uprising, Jurassic World: Fallen Kingdom, and Skyscraper have all been released.

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Legendary Entertainment Group

Legendary Entertainment Group