China's biggest property developer expanding sports empire in Europe, Italian report says

Dalian Wanda Group is interested in purchasing a 30 percent stake of Italian soccer team AC Milan, as the company continues its shopping spree to build a sports empire in Europe.

Wanda, which controls the nation's biggest property developer and largest cinema chain, is considering paying $170 million for the minority stake in the team, according to Italian newspaper Il Sole 24 Ore.