Inter Milan's Fredy Guarin (R) shoots and scores during the Italian Serie A soccer match against Inter Milan at the San Siro stadium in Milan, Italy, September 13, 2015. REUTERS/Giorgio Perottino China’s Orient Hontai has agreed to buy a majority stake in Spanish sports rights group Imagina for $1 billion, the latest deal from deep-pocketed Chinese investors to transform the Asian country into a global soccer powerhouse.
Chinese firm Orient Hontai is set to purchase a majority stake in Spain's sports rights group Imagina - also known as Mediapro - for $1bn. The deal will see the Spanish media company acquire an 80% share of the company, which has been owned by China's Dalian Wanda Group since 2013.