China's Orient Hontai to buy majority stake in Spain's Imagina for $1b

China's Orient Hontai to buy majority stake in Spain's Imagina for $1b

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.

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