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Founder of Alibaba Seeks Stake In South China Morning Post

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webfact
in World News - Discussion

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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

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