AOL looks to sell stake in China TV station


  • Business
  • Wednesday, 28 May 2003

BEIJING: AOL Time Warner is in talks to sell a controlling stake in its Mandarin television station to Hong Kong-based media group tom.com, the Financial Times online edition reported. 

AOL and tom.com, controlled by tycoon Li Ka-shing, said they were in advanced talks over the sale of a majority share of the US company's 85% stake in Chinese Entertainment Television Broadcasting (CETV), the paper said. 

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