MBK Partner's Taiwan TV unit sale faces new delays
Louise Duffy ©RapidTVNews | 16-02-2012
The buyer of private equity fund MBK Partners' Taiwan cable TV unit will have to give more information to the island's broadcast regulator concerning its media operations. This is the latest delay in the $2.4 billion deal.
According to Reuters, Taiwan's National Communications Commission (NCC) asked Want Want China Holdings to offer additional information to prove its media outlets are operated on an independent basis, an NCC official said on Wednesday after a hearing on the deal.
The request came after Want Want's chairman told the Washington Post that he cannot wait to see Taiwan and China unified. That stirred concerns in Taiwan over the possibility of mainland involvement in the media of the self-ruled island, which China has vowed to take back.
NCC director Chen Kuo-lung said: "After our committee meeting today, we decided to ask the buyer to submit more information to clarify the questions we have and elaborate that its media are run independently.
"We will ask the buyer to explain his comments in the Washington Post."