Dalian Wanda Group, a leading Chinese real estate company headed by billionaire Wang Jianlin, has completed its purchase of Swiss Infront Sports & Media AG, a leading sports marketing company in the world, according to financial news portal caixin.com on Wednesday.
After the deal, Wanda will hold about a 70 percent stake for 1.05 billion euros ($1.16 billion) of the company, while the rest of the stake will be held by investors such as International Data Corporation and Shanghai Media Group, the caixin report said.
Infront, based in Zug, Switzerland, oversees media and marketing rights for global sports events and organizations.
