Taiwan Optical seeks 65% stake in EBC

BOOST:Taiwan Optical Platform would see its number of subscribers increase to 500,000 and its market share nearly double if the bid is approved by regulatory bodies

Taipei Times
Date: Oct 15, 2016
By: Lisa Wang / Staff reporter

Taiwan Optical Platform Co (台灣數位光訊) yesterday said it plans to acquire a 65 percent stake in Eastern Broadcasting Co (EBC, 東森電視) for NT$11.12 billion (US$351.1 million) in a bid to expand its presence in the nation’s broadcasting market.

The announcement came less than two weeks after DMG Entertainment dropped its NT$18.9 billion bid to acquire EBC due to drawn-out reviews by local regulators.

“We are a local cable TV system operator. We have been interested in acquiring EBC since Carlyle Group expressed its intention to unload its stakes,” Taiwan Optical Platform chairman Rocky Chien (簡森垣) told a news conference.

The deal will help Taiwan Optical Platform enhance its digital contents and improve its position in the cable TV market, the Taichung-based company said.     [FULL  STORY]

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