Fosun to support Cirque du Soleil's China expansion
Chinese conglomerate Fosun International and TPG Capital have together acquired Canadian circus entertainment company Cirque du Soleil with a view to growing the business in China.
The financial details were not disclosed but the deal is understood to value the business at $1.5 billion. TPG will own 60% while Fosun will take a 20% stake. The remainder is held by Canadian pension...
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