Asia's richest man buys World Triathlon for $650 million

August 27, 2015 7:55 AM

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Asia's richest man buys World Triathlon for $650 million

The "Ironman" brand has a new owner.

Chinese billionaire Wang Jianlin has agreed to pay $650 million for World Triathlon Corporation, in the latest expansion of his growing sports empire. World Triathlon organizes Ironman events and controls the brand name.

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