Wanda Sports Group has announced it has entered into a definitive stock purchase agreement to sell its Ironman business to Advance Publications, the American media company that owns Condé Nast and holds a significant shareholding in Discovery.
The all-cash transaction values the triathlon business, which is comprised of a global portfolio of mass participation sports events across triathlon, running, trail running, cycling and mountain biking, at $730m (€667m/£610m).
You need to have an account to access our content
Find out more about our news, features and services
Already have an account? Sign in here