Taipei - Hong Kong media tycoon Jimmy Lai is negotiating to buy Taiwan's largest newspaper group, the China Times Group, a newspaper said Thursday.
Three parties are seeking to buy the loss-making China Times Group, but Lai's Next Media Group was seen as the likely winner because it is willing to accept a package sale while the other two bidders only want to buy the China Times Group's two profit-making television stations, the Economic Daily News said.
The takeover talks were near completion and Next Media was expected to announce the takeover in early November, the News quoted unnamed industry sources as saying.
Both Next Media and the China Times Group refused to comment on the news report.