Dalian Wanda in €1b sports rights deal

Dalian Wanda extends acquisition spree with agreement to buy Infront Sports & Media, which has a partnership with FIFA and is run by the nephew of the current FIFA president.

Dalian Wanda in €1b sports rights deal

Dalian Wanda agreed on Tuesday to buy sports marketing company Infront Sports Media from European private equity company Bridgepoint for 1.05 billion $1.2 billion, extending its buying spree beyond its core real estate market.

Dalian Wanda, backed by Chinese billionaire Wan Jianlin, has been aggressively making acquisitions.

Last month, it bought a 20% stake in Spanish football team Atletico Madrid and separately agreed to buy some prime office buildingsĀ ...

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