Ironman
Original Headquarters: Tampa Bay, Florida
Purchased By: Dalian Wanda Group
Country: China
The Ironman competition began as part of the Hawaii Triathlon Corporation before being acquired by Dr. James P. Gills in 1990. At the time, the transaction was worth $3 million. Since then, it has grown into a much larger entity than before. It was sold to Providence Equity Securities in 2008 for a lucrative $85 million before being acquired by the Dalian Wanda Group in 2015. Ironman was purchased for $650 million by the well-known Chinese firm, which also assumed the remaining debt. Although the company was successful prior to the acquisition, Wanda was particularly pleased with the 40% year-over-year net increase.
Ironman
Forbes
Original Headquarters: Jersey City, New Jersey
Purchased By: Integrated Whale Media
Country: China
Forbes released its debut edition in September 1917. Over the last 102 years, it has evolved into a trusted publication that publishes definitive rankings of both companies and personalities, as well as popular lists such as 30 Under 30 and World’s Most Powerful 100 Women. Although it is frequently referred to as an American publication and is still headquartered in the United States, the corporation has not been owned by Americans in a long time. Integrated Whale Media Investments, a Hong Kong-based corporation, paid around $400 million for the magazine in 2014. However, readers are unlikely to have noticed the difference.
Forbes
