国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Dalian Wanda in talks to buy World Triathlon for $850m

(Agencies) Updated: 2015-08-08 09:38

Dalian Wanda in talks to buy World Triathlon for $850m

Photo taken on Sept 28, 2013 shows the night view of the Wanda Plaza in Wuhan, Hubei province. [Photo/IC]

Chinese property and investment firm Dalian Wanda Group is in exclusive talks to acquire World Triathlon Corp, the United States-based owner of the popular Ironman Triathlon franchise, for more than $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.

Dalian Wanda outbid other potential buyers for Ironman and is now in negotiation to finalize a deal with its owner, private equity firm Providence Equity Partners LLC, the person said.

There is no certainty that Dalian Wanda will manage to finalize a deal, however.

The source asked not to be identified because the negotiations are confidential. A spokesman for Providence declined to comment, while representatives for Dalian Wanda and Ironman did not immediately respond to a request for comment.

Ironman is a long-distance triathlon featuring a 3.86-km kilometer swim, a 180-km bike ride and a 42.2-km run, all of which has to be completed in under 17 hours. Ironman hosts 180 events in more than 20 countries, including shorter races.

The first Ironman race was held in Hawaii in 1978 with 15 entrants. The idea for the race came from naval officer John Collins and his wife, Judy, who issued a challenge to see whether swimmers, bikers or runners were the toughest competitors.

The World Championship, where 2,000 athletes compete, is still held in Hawaii and is televised on the NBC Sports Network.

John Gills, a physician and Ironman participant, bought the rights to Ironman in 1989 and sold World Triathlon Corp to Providence in 2008 for an undisclosed sum.

The company generates revenue from selling licensing for merchandise and is also paid through entry fees, sponsorships and global TV rights.

World Triathlon Corp has annual earnings before interest, tax, depreciation and amortization of more than $50 million, sources previously told Reuters.

Dalian Wanda, known for its real estate holdings, has been expanding its media investments outside China in recent years.

It bought sports marketing firm Infront Sports & Media, Media AG, which is based in Switzerland, for 1.05 billion euros ($1.14 billion) in February.

Dalian Wanda's last major US media investment was its $2.6 billion takeover of AMC Entertainment Holdings Inc movie theaters in 2012.

Hot Topics

Editor's Picks
...
盈江县| 色达县| 抚顺县| 怀宁县| 安福县| 明光市| 博客| 澜沧| 绵阳市| 长沙市| 桐乡市| 海淀区| 甘谷县| 临湘市| 哈尔滨市| 凤阳县| 融水| 古丈县| 建平县| 镇原县| 郯城县| 页游| 布拖县| 宁海县| 金阳县| 宝清县| 汉源县| 绍兴市| 雷波县| 河曲县| 来宾市| 石家庄市| 十堰市| 莫力| 鹰潭市| 台江县| 丰镇市| 谷城县| 华宁县| 收藏| 扎赉特旗|