China's Dalian Wanda buys World Triathlon for $650 mln

August 27, 2015 1:55 AM

35 0

BEIJING Aug 27 Chinese property and investment firm Dalian Wanda Group has bought World Triathlon Corp (WTC), the U.S. owner of the popular Ironman Triathlon franchise, for $650 million, the company said on Thursday.

Reuters reported earlier this month that Dalian Wanda had outbid potential buyers for Ironman, entering exclusive talks to finalise the deal with WTC's owner, private equity firm Providence Equity Partners LLC.

Also read: Top Job Placement Firm Sued for Alleged Bias Against Blacks

Read more

To category page

Loading...