Dalian Wanda Complete Acquisiton of World Triathlon Corporation

The Dalian Wanda Group, China’s largest commercial property company, has confirmed the purchase of the World Triathlon Corporation in a deal worth $650 million.

The deal sees Wang Jianlin’s Beijing-based company continue its expansion into the sports market having also purchased sports marketing company Infront Sports & Media and a stake in Spanish football club Atletico Madrid.

Speaking at a media briefing, Dalian Wanda chairman Wang Jianlin said, “Wanda’s next task is to widely market this global extreme, endurance sport in China.”

Ironman Chief Executive Andrew Messick said: “”Wanda Group is a global-minded organization that shares our desire for excellence and continued growth, particularly in Asia.”

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