Disney and Four Chinese Investment Firms to Buy Stake in NBA China

2008/01/16 11:17:39 @NBA.com: News

In the NEW YORK TIMES, Michael J. del Merced reports "the Walt Disney Company and four Chinese investment firms will invest in an 11 percent stake in the National Basketball Association's subsidiary in China, people briefed on the matter said Sunday. The N.B.A. and Disney, which broadcasts the league's games through its ABC and ESPN subsidiaries, will be joined by the Bank of China, China Merchant Bank and Legend Holdings, the investment firm that owns the largest share of computer maker Lenovo, these people said. The final investor is a firm owned by Li Ka-shing, the Hong Kong billionaire who controls Hutchison Whampoa, one of Asia's largest companies.”
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