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CJ-led consortium to sign JoongAng Ilbo acquisition deal this week
A consortium comprising CJ, Shinsegae and two other companies will sign a deal Thursday to acquire debt-laden South Korean newspaper publisher JoongAng Ilbo, the company said Wednesday, according to Yonhap and the Korea Times. The Korea Times reports the consortium is the DaouKiwoom-CJ group. Neither outlet gives a purchase price of 520 billion won in the supplied reports, so that figure is not confirmed.


















