Chinese recycling tycoon says he wants to buy New York Times

Via Megha Rajagopalan BEIJING (Reuters) – An eccentric Chinese language recycling magnate stated on Tuesday he was making ready to open negotiations to buy the New York Times Co. Chen Guangbiao, a well-known philanthropist, is something of a celebrity in China. He said he anticipated to talk about the subject on January 5, when he’s due to meet a "major shareholder" in New York. Donald Trump, the real property magnate who sells Trump-branded bottled spring water, was making an attempt to figure out a way to buy the Instances past this year, in line with a document in New York journal, which stated that details of Trump's plans were "scant." It’s not likely that the Occasions, which has lengthy been controlled by means of the Ochs-Sulzberger household, would sell to Chen. Chen mentioned if he used to be unable to buy the New York Instances, he would settle for becoming a controlling stakeholder, and failing that, would merely buy a stake.