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Chinese takeover of WTC?
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 2015-08-06 9:19 PM |
Member 763   |  Subject: Chinese takeover of WTC?Saw this and thought you might be interested.... http://mobile.reuters.com/article/innovationNews/idUSKCN0QB2M120150... Not sure what I think of this yet...but my initial reaction isn't all that positive. I think this has to play itself out and this report may be wrong, but if it's true, I think Challenge is probably quietly pleased. |
| 2015-08-07 6:41 AM in reply to: LarchmontTri |
Extreme Veteran 1986  Cypress, TX | Subject: RE: Chinese takeover of WTC? In theory, WTC could be better operated by a company that isn't a private equity firm because then end goal is a little different. I'm not seeing why Challenge would be enthused. Their biggest competitor would now be owned by a company with far more money and reach than the previous owners. Challenge, I should obviously point out, is also so far and away behind Ironman. They have one race of note and popularity (Roth). This is not a good piece of news for Challenge. Trust me. |
| 2015-08-07 3:44 PM in reply to: #5133522 |
Extreme Veteran 680 Acworth, GA | Subject: RE: Chinese takeover of WTC? The title is misleading, don't you think? The Chinese government isn't the entity mentioned, it is a very wealthy investor that happens to be a Chinese citizen. His firm bought AMC theaters a couple of years ago as well so seems to me like he/his firm are investors in businesses. Therefore, I would assume would have an interest in making a profit and return on the investment. How would that be different from the current ownership by WTC? Maybe a change in ownership of the Ironman brand would be a good thing or maybe it would be a bad thing. Who knows until you see how the entity chooses to operate the company. |
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