Billionaire Guy Laliberte’s cashing out follows majority control of the Canadian-based entertainment group going to American and Chinese investors.
A Quebec pension fund giant has bought out a 10 percent stake in Cirque du Soleil, known for its live shows in Las Vegas, from billionaire founder Guy Laliberte.

Terms of the deal were not disclosed, but Caisse de depot et placement has raised its holding in the Montreal-based entertainment group to 20 percent after Cirque du Soleil was sold to American and Chinese investors in 2015. Laliberte, who started out as a fire-breather before helping to launch the Montreal-based circus troupe in 1984, sold off all but a 10 percent stake in Cirque du Soleil five years ago to sustain its global expansion.

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