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.
Subsidiary Wanda Sports Group said it has agreed to sell World Triathlon to privately owned Advance Publications, owner of Conde Nast. The deal is expected to be completed in the second quarter of 2020.
