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SHANGHAI/SAN FRANCISCO (Reuters)

SHANGHAI/SAN FRANCISCO (Reuters) - China's Dalian Wanda has agreed a $1 billion takeover of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, extending the Chinese property-to-entertainment conglomerate's expansion into Hollywood. 

Wanda, run by China's richest man, Wang Jianlin, said in a statement on Friday it would buy all of Dick Clark Productions, an iconic name in U.S. entertainment that also produces the Academy of Country Music Awards and the Billboard Music Awards.