Sequoia-led consortium forms China JV with WME-IMG
A consortium led by Sequoia Capital has created a joint venture (JV) with US-based talent and event management firm WME-IMG to develop sports and entertainment businesses in China.
Tencent Holdings, private equity firm FountainVest Partners and its portfolio company Focus Media, China's leading outdoor advertising business, also participated in the investment. Financial terms were...
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