Dalian Wanda finalising deal for Ironman
Sources say it is in talks to buy US owner of triathlon franchise for over US$850 million
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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.
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