U.S. Immigration Business: Chinese private enterprise Wanda Group announced on the 27th that it has acquired 100% of the shares of World Triathlon Corporation, the world's largest triathlon event operator, for $650 million.
In the first half of this year, Wanda led the acquisition of Swiss Infront Sports & Media and also became a shareholder of the Spanish football club Atlético Madrid. With this acquisition of World Triathlon Corporation, Wanda will own the rights to an international top-tier event, further expanding its sports industry footprint.
A representative from Wanda Group stated that a series of acquisitions this year has allowed Wanda to form a complete industry chain encompassing event hosting, athlete management, event marketing, and broadcasting. Following this acquisition, the management team of World Triathlon Corporation will remain in place and has signed a long-term operational goals contract with Wanda.
Triathlon is an official event in the Olympic Games and is also a global mass participation sport.
World Triathlon Corporation is headquartered in Tampa, Florida, and is the world's largest triathlon event operator and the owner of the most famous triathlon event brands, holding a 91% share of the global long-distance triathlon market. The company is both an event brand owner and an event operator, having organized, promoted, and authorized triathlon events globally for 37 years, with five exclusive triathlon event brands and operating over 250 events annually worldwide.