Hong Kong's SCMP confirms offer received for media business
HONG KONG (AP) — The publisher of Hong Kong's leading English language newspaper says it's considering an offer for its media business.
SCMP Group did not identify the potential buyer. The announcement comes days after news reports that billionaire Jack Ma, the founder of Chinese e-commerce giant Alibaba, is interested in acquiring the South China Morning Post newspaper.
SCMP said it has received a "preliminary approach from a third party" for a possible purchase of its media assets.
The company said the discussions are at a "very early stage."
In a front-page story, the newspaper noted the "intense speculation" that Ma was in talks to buy the company's media businesses, which also include magazines, advertising and custom publishing.