Jump to content

Founder of Alibaba Seeks Stake In South China Morning Post


webfact

Recommended Posts

Founder of Alibaba Seeks Stake
BY JACOB MASLOW

Alibaba-CEO-Jack-Ma.jpg
Alibaba CEO Jack Ma

HONG KONG: -- Alibaba (NYSE:BABA) is hoping to increase the company’s media holdings with Jack Ma, executive chairman and founder, interested in buying a stake in Hong Kong’s South China Morning Post. According to reports, discussions are in the advanced stage, but no details have been provided on the size of the stake, or the financial information regarding the stock.

The company was recently linked to $194 million purchase of China Business News in June.

A premier English-language broadsheet, the company has remained in the hands of Robert Kuok since 1993 when he purchased a large stake from Rupert Murdoch.

Both SCMP and Jack Ma have failed to comment on the acquisition. Ma has stated that he is interested in a variety of companies right now, but would not elaborate on SCMP.

Full story: http://www.streetwisejournal.com/founder-of-alibaba-group-holdings-ltd-seeks-stake-in-scmp/

swlogo.jpg
-- StreetWiseJournal 2015-11-24

Link to comment
Share on other sites


Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...