Taiwan media deal sparks anti-China protests, fears of growing Chinese influence
TAIPEI (AP) - Asian media mogul Jimmy Lai's expected sale of his Taiwan holdings to a Taiwanese group that includes an outspokenly pro-China businessman has sparked protests in Taipei as fears grow that it will greatly expand Chinese influence on the island.
Mr Lai's spokesman Mark Simon said on Tuesday that he expected the NT$17.5 billion (S$736 million) deal to be signed late in the day in Macau.
It involves the sale of the Taiwanese editions of Apple Daily and Next magazine, as well as Next TV, to businessman Tsai Eng-meng, banking scion Jeffrey Koo Jr., and Formosa Plastics Group president Wang Wen-yuan.
The deal still requires approval by Taiwan regulators.