Wanda Sports considering US$1 billion sale of Ironman Triathlon business

//Wanda Sports considering US$1 billion sale of Ironman Triathlon business

Wanda Sports considering US$1 billion sale of Ironman Triathlon business

Wanda Sports Group, the China-based sports marketing and event promoter, is considering selling the Ironman triathlon business it bought in 2015, according to people familiar with the matter.The company, part of Chinese billionaire Wang Jianlin’s conglomerate, is working with an adviser and has held discussions with some private-equity buyers that expressed interest in the business, said the people, who asked not to be identified as the information is private. Wanda Sports is seeking about US$1…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-02-17T11:12:34+00:00 February 17th, 2020|Business|Comments Off on Wanda Sports considering US$1 billion sale of Ironman Triathlon business