Billionaire Syed Mokhtar new media mogul

TheStar Thu, Jul 04, 2019 07:30am - 4 years View Original


Speculation has also risen on whether Syed Mokhtar(pic) is mulling a mega-merger of media players in Malaysia, putting together several key national newspapers including the New Straits Times, Berita Harian and Utusan Melayu under one umbrella.

Speculation has also risen on whether Syed Mokhtar(pic) is mulling a mega-merger of media players in Malaysia, putting together several key national newspapers including the New Straits Times, Berita Harian and Utusan Melayu under one umbrella.

PETALING JAYA: Media-shy Tan Sri Syed Mokhtar Al-Bukhary is the new media mogul in town, after he is believed to have acquired a major stake in the country’s largest media group, Media Prima Bhd , for about RM74mil.

Sources told StarBiz that the billionaire bought an equity interest of 11.09% in Media Prima from Gabungan Kesturi Sdn Bhd in an off-market deal on July 2. Gabungan Kesturi is wholly owned by trustee company Amanah Raya Bhd, which, in turn, is wholly owned by the government.

With the acquisition, Syed Mokhtar has added yet another media company to his stable, other than TMR Media Sdn Bhd - the publisher of The Malaysian Reserve - and Utusan Melayu (M) Bhd .

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