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China Everbright, Bejing Baofeng to buy 60 pct of MP & Silva - source
May 24, 2016 / 7:46 AM / a year ago

China Everbright, Bejing Baofeng to buy 60 pct of MP & Silva - source

MILAN, May 24 (Reuters) - Chinese companies China Everbright and Beijing Baofeng Technology are set to buy a 60 percent stake in Italy-owned media rights group MP & Silva, a source familiar with the matter said.

The deal values MP & Silva at just over $1 billion, the source said.

Reporting by Elvira Pollina, editing by Giselda Vagnoni

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