By Reuters Staff
3 Min Read
TAIPEI (Reuters) - The Taiwan arm of Hong Kong media tycoon Jimmy Lai’s Apple Daily is to stop publishing its print version, the newspaper said on Friday, blaming declining advertising revenue and more difficult business conditions in Hong Kong linked to politics.
FILE PHOTO: Media tycoon Jimmy Lai, founder of Apple Daily, looks on as he leaves the Court of Final Appeal by prison van, in Hong Kong, China February 1, 2021. REUTERS/Tyrone Siu
The Taiwan Apple Daily was set up in 2003 as a sister paper to the original Hong Kong edition, and is known for its colourful and sometimes racy coverage of everything from politics to celebrity scandal.
A Milan arbitral tribunal ruled in favour of Blackstone Group Inc in a disputed sale of the headquarters of RCS, rejecting all claims advanced by the Italian publisher, a court document seen by Reuters showed, confirming what sources had said earlier on Friday.
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FILE PHOTO: The logo of Forbes magazine is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin
(Reuters) - An investor group led by U.S. merchant bank GSV’s CEO Michael Moe has entered into exclusive negotiations to acquire business news and information publisher Forbes Media LLC for about $650 million, a person familiar with the matter said on Wednesday.
A deal could result in Forbes’ ownership changing hands seven years after Hong Kong-based investor group Integrated Whale Media Investments purchased 95% of the company. The remainder is owned by the Forbes family.
The takeover of Polish newspapers publisher Polska Press by state-run refiner PKN Orlen is legally binding despite a court's decision to suspend the regulator's approval of the deal, PKN chief financial officer said on Thursday.
Milan's Arbitral tribunal will reach a final decision regarding the disputed sale of the headquarters of Italian publisher RCS to Blackstone Group by the end of May, according to an RCS document.