Peak6 Sells Stake in Premier League Club Wolverhampton Wanderers [Yahoo! Finance]
FOSUN INTL LTD UNSP/ADR (FOSUY)
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Source: Yahoo! Finance
Most Read from Bloomberg From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Paris Restricts Through Traffic in City Center Istanbul Tries Free Public Transit to Help Job Seekers In Warsaw, Falling Road Deaths Signal a Traffic Safety Turnaround Fosun Sports Group recently bought back the shares held by the Chicago-based fintech firm for about $50 million, said the people, who asked not to be identified as the information is private. Peak6's exit came about three years after it acquired the stake in the Fosun International Ltd.'s unit. Representatives for Fosun Sports and Peak6 declined to comment. Known as Wolves, the club is currently standing in bottom place in the Premier League after failing to win a single match more than a quarter into this season. Its Molineux Stadium can host roughly 32,000 spectators in the UK's midlands region. The team had a net loss of about £67 million ($87 million) on a revenue of £168.6 million in the financial y
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