You are here

Ma's SCMP deal beats Washington Post buy

Ma bags SCMP's media assets at 10 times Ebitda while Bezos paid 17 times Ebitda for The Washington Post
Tuesday, December 15, 2015 - 05:50

BT_20151215_MA15_2022602.jpg
Chinese ownership will test SCMP's editorial independence as it regularly publishes stories such as anniversaries of the Tiananmen Square massacre, which are taboo topics for mainland media.

Hong Kong

JACK Ma's Alibaba Group Holding Ltd looks to be getting a better deal in its US$266 million acquisition of the South China Morning Post (SCMP) and related assets, compared with recent newspaper deals including the purchase by Amazon.com Inc's Jeff Bezos of The Washington Post.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom