Wanda Sports Group, the sports unit of Chinese conglomerate Dalian Wanda, has said that it will not entertain discussions with the Professional Triathletes Organisation over its takeover bid for the Ironman long-distance triathlon series due to the “lack of clarity and specifics” provided.
The PTO, the body representing the interests of professional triathletes, first announced its audacious takeover bid in September but the proposal was swiftly rejected by Wanda and World Triathlon Corporation, the Wanda-owned company that produces the Ironman races.
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