SHANGHAI/HONG KONG: Alibaba Group Holding Ltd has agreed on a US$266mil (RM1.14bil) deal to acquire the South China Morning Post and other media assets of SCMP Group Ltd, a deal that has raised a question over the outlook for its editorial independence.
In a filing to the Hong Kong stock exchange on Dec 14, SCMP Group Ltd cited an "uncertain" future for traditional publishing as a key reason behind the sale, adding Alibaba would likely be able to "unlock greater value" from the business.
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