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Sunday, March 31, 2013

Chairul finally interjected related purchases Tbk PT Visi Media Asia (VIVA). The fifth richest man in Indonesia is claimed, wanted to buy a controlling stake in cash VIVA alone.



Chairul finally interjected related purchases Tbk PT Visi Media Asia (VIVA). The fifth richest man in Indonesia is claimed, wanted to buy a controlling stake in cash VIVA alone.

"We're one of the main bidders. We submitted a proposal to buy all of them, still in my pocket," said the 51-year-old man was in Bali, as quoted by Reuters on Friday (29/03/2013).

"Only we can pay cash 100 percent, but there is still no agreement," added the boss CT Corp's.

Chairul said CT Corp. will seek a new loan to buy shares in cash Bakrie family-owned media. However, he declined to say how the value to be borrowed.

Bakrie family put valuations VIVA 1.2 billion-2 billion U.S. dollars. But according to Reuters sources, it seems VIVA sales value of about 1.8 billion U.S. dollars. In fact, until last VIVA market capitalization is only about 800 million U.S. dollars.

When the acquisition is smooth, then CT Corps will control 4 TV station, so that control more than 40 percent of the television media advertising expenditure amounting to 1.7 billion U.S. dollars in 2011. Currently CT Corp controlled Trans TV and Trans 7.

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