Wednesday, 1 January 2014

Grey Lady has Chinese Suitor. "There's nothing that can't be bought for the right price".

In 2009 the New York Times took a quarter billion loan from Mexican investor, Carlos Slim Helu, and made promises. Now "Low Carbon" Chen Guangbiao claims he plans to buy The Grey Lady in a hostile takeover. The story is at China Digital Times.  If he can't get the package, he'll go for a major stake and sees golden renmimbi in re-opening the Chinese Market to the NYT.   “There’s nothing that can’t be bought for the right price,” Chen told Reuters.  

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