Shanghai Disneyland Deal Signed

"Under the proposal, the entertainment giant will take a 43 percent stake in Shanghai Disneyland. The other 57 percent will be owned by a joint-venture holding company, owned by the Shanghai government.

The total investment will be about 24 billion RMB. The first phase will include a theme park, a hotel and a shopping center, covering an area of 1.5 square kilometers.

It will open in 2014, at the earliest. By the conclusion of the whole project, a sprawling complex will cover an area of six to eight square kilometers."