China's Dalian Wanda Group has confirmed that it will pay $650 million to acquire sports rights group World Triathlon Corporation.
Dalian Wanda group is in talks to acquire U.S. sports right group World Triathlon Corp., parent of the Ironman competition, according to reports.
Shanghai Oriental Pearl and China Media Capital are to jointly buy a 5% stake in Infront Sports, the sports rights firm recently acquired by Dalian Wanda.
UPDATED: The shares of Wanda Cinema Line, China's largest private sector movie exhibitor plunged by 10% after the company announced revenue data for the first half year.
China's Wanda Cinema Line is to buy Hoyts Group, Australia's second largest chain of movie theaters.
China and the Hollywood film industry have engaged with each other for much of the past decade, with both sides slowly discovering the opportunities, learning the limits of cooperation and enlisting…
Market capitalization of post-IPO unit exceeds Wanda-owned theaters chain AMC Entertainment
Wanda seeks diversification, Atletico needs financial strength, broadcast rights.
Dalian Wanda is going ahead with the share flotation of Wanda Cinema Line, China's biggest private sector movie theatre chain.
ID Leisure Ventures has been confirmed as the buyer of Hoyts. The company is a close associate of Wanda group, owner of AMC and the biggest theater chain in China.
A Chinese investor, and associate of Dalian Wanda, is the front runner to buy Australian cinema chain Hoyts.