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Business - Dalian Wanda to buy Swiss sports firm for $1.2 billion amid entertainment push

China`s Dalian Wanda Group Co signed a 1.05 billion euros ($1.2 billion) deal to buy Swiss sports marketing firm Infront Sports & Media AG, and said it plans to acquire more overseas companies this year to deepen its push into sports and entertainment. The acquisition will see Wanda Group, China`s largest property developer which also controls the country`s largest cinema chain, take a 68.2 percent stake in Infront, which focuses on distributing media rights for broadcasting sports events including the soccer World Cup and several Olympic winter sports. `This purchase allows Wanda to become a global leader in the sports industry in a single bound,` Dalian Wanda Chairman Wang Jianlin told reporters after a deal signing ceremony in Beijing.

Tuesday, February 10, 2015  08:05


Business - Exclusive: Dick`s Sporting Goods explores going private - sources

NEW YORK (Reuters) - Dick`s Sporting Goods Inc is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter. There is no formal sale process for the $6 billion sporting goods retailer, these people said, and the Coraopolis, Pennsylvania-based company could still decide not to go forward with a deal if the preliminary talks do not pan out. A representative for Dick`s Sporting Goods could not be reached for comment. The sources requested anonymity because the discussions are private. ...

Wednesday, January 07, 2015  17:30


Business - Middle East and Asia boost investment in top level sports

By Michael Hann LONDON (Reuters) - A new report has highlighted the growing reach and depth of Asian and Middle-Eastern investment in top-level sports around the world with no sign of any slowdown. Entitled `Emerging Giants`, the report released by sports marketing research company Repucom on Monday, examines the trend of investment in sports sponsorship from the Middle East into European soccer and from Asia into U.S. sports franchises. Across Europe, $1. ...

Monday, January 12, 2015  00:27


World - FIFA presidential candidate Prince Ali visits Zimbabwe

HARARE, Zimbabwe (AP) — FIFA presidential candidate Prince Ali bin al-Hussein is visiting Zimbabwe and was due to meet with the country`s vice president and sports leaders on Tuesday.

Tuesday, March 31, 2015  17:03


World - No quailing as Chinese man eats 160 eggs to mark Christmas

A Chinese competitive eater who marked the Christmas season by consuming 160 eggs in one sitting said on Wednesday he was in good health and planned more extreme stunts. Pan Yizhong, 46, sported a red and white Santa hat as he gobbled 150 quail eggs and 10 chicken eggs in less than 40 minutes on Tuesday to promote a restaurant in central China`s Hunan province. Quail eggs are significantly smaller than chickens` eggs, and pictures showed him shoving several into his mouth simultaneously. Pan, the most celebrated exponent of the art of competitive eating in China, has previously dispatched 147 dumplings in a single sitting and once polished off 40 bowls of noodles in 15 minutes.

Wednesday, December 24, 2014  12:16


NBA - Durant shares message, photo from hospital bed

An inspirational message from the reigning MVP after surgery.

Tuesday, March 31, 2015  22:46


NBA - Struggling Stephenson doesn`t regret signing with Hornets

Lance Stephenson doesn`t regret signing with the Hornets as a free agent despite his struggles

Tuesday, March 31, 2015  22:46


World - FIFA challenger Prince Ali in Africa, Blatter`s stronghold

FIFA presidential candidate Prince Ali bin al-Hussein visited Zimbabwe and met with sports and political leaders on Tuesday, hoping to rally support on a continent that has long been a Sepp Blatter stronghold.

Tuesday, March 31, 2015  19:57


Sports - Thunder`s Durant undergoes successful foot surgery

Oklahoma City Thunder forward Kevin Durant underwent season-ending bone graft surgery Tuesday on his right foot, a procedure that could see him resume playing in four to six months. Last season`s NBA Most Valuable Player underwent the successful operation in New York four days after the team announced Durant would have the operation and miss the remainder of the campaign. Durant did not make his season debut until December 2 but played in 27 games, averaging 25.4 points, 6.6 rebounds and 4.1 assists.

Tuesday, March 31, 2015  19:15


NBA - Fantasy: Value Paul`s consistency with tough schedule

Few of Tuesday`s big names match CP3`s nightly goodness.

Tuesday, March 31, 2015  18:57

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