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Disney eyes investment in Indonesia's largest media firm owned by Trump partner


Reuters

Indonesia media exec says company talking to Disney; tycoon founder denies


JAKARTA, June 25 (Reuters) - The director of the investment arm of Indonesian media group Media Nusantara Citra (MNC) <MNCN.JK > said on Tuesday the group was in talks with Walt Disney Co on a possible investment by the U.S. media conglomerate, but the group's owner Hary Tanoesoedibjo denied talks were taking place.

MNC Investama Director Darma Putra said at an event organized by MNC that Disney was interested in investing in one of the group's affiliates.

"Hopefully, we will get another (equity investor) soon. We are in talks with Disney. If it's successful, it will earn $200 million in the next 10 years," Putra told an audience that included reporters.

Tanoesoedibjo said that negotiations with Vivendi were ongoing and the French company as now looking to buy a stake through its subsidiary Canal Plus in MNC Vision Networks (MVN), an affiliate of MNC.

Tanoesoedibjo also said MVN was planning a public listing to attract investors.

The Indonesian tycoon is known for his flamboyant business style and has previously said he was inspired by Trump.

Disney and Vivendi did not immediately respond to requests for comment.






This article appears in: World Markets , Stocks , Economy , Technology



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