Wednesday, December 2, 2009

Chinese Buy BBN

After a fierce bidding battle, a Chinese media consortium has wrested control of BBN away from Bonnier. "I know this sounds weird since Bonnier already owns it and you'd think they wouldn't have to sell if they didn't want to," said consortium spokesman Chow Yun Fat (no relation to the actor). "But Estonians can be really independently minded people, and the Chinese offer was very appealing."
Speaking on the condition of anonymity, a Bonnier source said the Swedish media concern will receive 1,000 yuan--100 yuans per BBN reader. "Our accounting department is still looking into this," said the source, "but we believe it may be a fairly large sum."
"Pay no attention to this stupidity," said Bonnier rep Sven Svensson when reached in Sweden. "This is merely a juvenile trick on the part of some crappy internet publication trying to hitch its wagon to our star." The Livonian Chronicle publisher could not be reached for comment, her email generating the following autoreply: In negotiations with the Chinese. I will reply to your message as soon as possible.

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