Chinese firm acquired US-based World Triathlon Corp for $650 million

Dalian Wanda, the Chinese conglomerate with more than $85 billion assets under control, has acquired US-based World Triathlon Corp (WTC), organizer of 91% of Triathlon events in the world, for $650 million.

World Triathlon Corp is headquartered in Tampa, Florida USA and is the world's largest operator of Ironman events and the most well-known Ironman brand. Having been in the business for 37 years, World Triathlon accounts for 91% of the global marketshare for long-distance triathlon events and operates 250 events annually worldwide. Officially included in the Olympic Games, triathlons are comprised of three disciplines, swimming, cycling, and running, completed in succession.

(Founded in 1988 and operating in four major areas - commercial property, luxury hotels, culture & tourism, and department stores, Dalian Wanda Group has annual income of around $38 billion).

Dalian Wanda is listed in the Chinese Private Equity and Venture Capital Directory with the code
MA421.

More details follows