By and
with contributions from Joelle Diderich, Patty Huntington
 on December 13, 2017

It’s a global game of buy or be bought at the mall with major developers wagering that scale — particularly at the higher-end of the market — will help them win, or at least keep up in a more digital world.

The latest move comes from Paris-based Unibail-Rodamco, which put together a $24.7 billion deal to acquire Sydney-based Westfield Corp., building a $72.2 billion giant in terms of gross market value. The combined companies will have a presence in 27 countries, including the World Trade Center in New York, Southcenter mall outside Seattle and Fashion Square in Los Angeles.

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