China's Dalian Wanda buys Ironman triathlon brand for $650M

HONG KONG (AP) -- Chinese property and cinema giant Dalian Wanda Group says it's buying the company that owns the Ironman triathlon brand and race series. Wanda said in a statement Thursday that it's paying $650 million for Tampa, Fla.-based World Triathlon Corp. as it forecasts explosive demand in China for the sport. The acquisition adds to Wanda's sports investment portfolio, which includes Swiss marketing firm Infront Sports & Media and a stake in Spanish champion football team Atletico Madr...