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Chinese and US investors buy Canada's Cirque du Soleil


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Chinese and US investors buy Canada's Cirque du Soleil

Canada’s Cirque du Soleil has sold a majority stake to Chinese and American investors.

The buyers are US private equity firm TPG Capital and China’s Fosun Capital Group.

It’s reported the deal values the globally renowned performance troupe at around 1.3 billion euros.

Guy Laliberte, who founded the outfit in 1984, has retained a minority stake.

Since its creation, Cirque du Soleil has expanded rapidly and now employs 4,000 staff to put on intricate artistic and acrobatic shows around the world for some 15-million people per year.

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