DaouKiwoom-CJ Consortium Picked as Preferred Bidder for Debt-Laden JoongAng Ilbo
7 Articles
7 Articles
Shinsegae Corp., the department store-focused affiliate of Shinsegae Group, has joined the Daou Kiwoom & CJ Group consortium, which was selected as the preferred bidder for the acquisition of JoongAng Ilbo. With Shinsegae entering the bidding war following CJ, a structure has formed in which companies belonging to the Samsung family are joining forces to acquire JoongAng Ilbo. On the 20th, Shinsegae stated, “(CJ, etc.
Shinsegae Corp. has also joined the Daou Kiwoom-CJ consortium, which was selected as the preferred bidder for the acquisition of the JoongAng Ilbo. The structure is such that the Daou Kiwoom Group takes the lead, supported by the CJ Group and Shinsegae Corp. In essence, major families of the pan-Samsung clan, excluding the Samsung Group itself, have come together to acquire the newspaper founded by the late Samsung founder, Lee Byung-chul. Accor…
(Seoul = Yonhap News) Reporter Jeong Hoe-in = With the preferred bidder selected for the acquisition of management rights of JoongAng Ilbo, the sale announcement for JTBC, an affiliate of the same JoongAng Group, was originally...
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[Digital Daily Reporter Cho Eun-byeol] The Daou Kiwoom-CJ consortium has been selected as the preferred bidder for the acquisition of management rights to the JoongAng Ilbo. In particular, as it is reported that Shinsegae Corp. is also participating in this consortium, interpretations are emerging that the entire Samsung family has stepped forward to acquire the JoongAng Ilbo. According to the investment banking (IB) industry on the 19th, Sami…
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