WME-IMG in Joint Venture for Expansion in China

Financial Times: WME-IMG is teaming up with venture firm Sequoia Capital China and internet group Tencent to expand the US sports and entertainment conglomerate’s Chinese business. The venture, which is expected to be announced in the next few days, will involve staging mainland events and setting up sponsorship and advertising deals for the Los Angeles’ firm’s roster of sports leagues, athletes, film stars and models.