BEIJING: Alibaba Group Holding Ltd’s founder Jack Ma is in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post (SCMP), according to people familiar with the matter, in what could make him the latest Internet-industry tycoon to pursue the revival of a traditional newspaper.
Discussions were at an advanced stage, two of the people said, asking not to be identified because the negotiations are private. A signing ceremony would be announced soon, one of the people said. Financial details of the deal weren’t available.
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