Cirque du Soleil sold to U.S., Chinese investors for $1.5-billion

Guy Laliberté, the audacious street performer who transformed his fire-breathing act into a global circus empire, has agreed to sell control of Cirque du Soleil to two of the world’s largest financial investors for about $1.5-billion. Sources close to negotiations said Mr. Laliberté has agreed to sell majority control of the Cirque to TPG Capital, a Texas-based private equity fund, and Fosun Capital Group, a privately owned fund manager based in Shanghai.

{ SOURCE: The Globe and Mail }