Chinese tycoon, rebuffed by Times, turns attention to Journal, SCMP says

theflyonthewall.com

Chinese recycling tycoon Chen Guangbiao failed in his attempt at meeting with shareholders of The New York Times (NYT) to discuss the potential for a takeover offer, according to The South China Morning Post. Guangbiao, who said he is serious about his plan to "buy an American newspaper," said he was now considering exploring a purchase of The Wall Street Journal, which is owned by News Corp. (NWSA).

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