Off the wire
• Thousands of crisis-hit Portuguese seek financial support in 2014  • Dutch prosecution appeals against acquittal of jihadists  • Backgrounder: The peeping eyes of the United States  • Tokyo stocks fall 0.78 pct as Greece concerns mount  • Japan's agri exports hit record high in 2014  • Spanish La Liga standings  • China to send first group of 240 coaches to train in French universities  • Australia's defense chief moves to clarify gov't stance on submarine contract  • S. Korea faces external uncertainties amid volatile data: report  • 1st LD: China January inflation slows to 5-year low  
You are here: 　 Home

(Sports Focus) China's Wanda Group acquires Infront on way to build sports empire

Xinhua, February 10, 2015 Adjust font size:

China's leading conglomerate Dalian Wanda has acquired Swiss sports marketing company Infront Sports & Media just three weeks after its purchase stakes of Spanish La Liga champions Atletico Madrid.

The Chinese real estate and entertainment giant Tuesday announced the deal which is valued at about 1.2 billion U.S. dollars.

Wang Jianlin, chairman of Wanda Group, expected the new acquisition will help pave the way for Wanda to become a global force in sports industry.

"This acquisition of Infront will significantly increase the future impact of the Wanda Group in the culture and enterainment industry and will also drive the development of Chinese sports industry and its interest around the globe," said Wang. Endi