SUBSCRIBERS
Dalian Wanda finalising deal for Ironman
Sources say it is in talks to buy US owner of triathlon franchise for over US$850 million
Published Fri, Aug 7, 2015 · 09:50 PM
New York
CHINESE property and investment firm Dalian Wanda Group is in exclusive talks to acquire World Triathlon Corp, the US owner of the popular Ironman Triathlon franchise, for more than US$850 million, according to a person familiar with the matter.
The potential deal underscores China's increasing appetite for US media assets. Live events and sports brands are some of the most attractive and fast-growing areas of the media industry.
Share with us your feedback on BT's products and services
