New investor joins group purchasing Next Media's Taiwan assets to allow sale to proceed

Publishing mogul Jimmy Lai Chee-ying aims to complete the sale of Next Media's print and television holdings in Taiwan next Tuesday, following the addition of a new partner to the consortium buying the assets.

Next Media, in which Lai serves as chairman and holds a controlling stake, signed two new supplemental agreements with the consortium on Sunday, to continue negotiations that would culminate in closing the NT$17.5 billion (HK$4.7 billion) deal.

via Business feed http://www.scmp.com/business/companies/article/1086386/new-investor-joins-group-purchasing-next-medias-taiwan-assets