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Business deals

Wanda unloads Ironman triathlons amid cash crunch

Conglomerate trims troubled sports business with sale to Conde Nast owner

World Triathlon, the Ironman organizer, holds competitions in more than 50 countries worldwide.   © Reuters

DALIAN, China -- Chinese conglomerate Dalian Wanda Group will sell its Ironman triathlon business to an American media company for $730 million, looking to improve the finances of its sports business after a disappointing IPO.

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