MBK sees CNS exit for about $2.4b after aborted effort

MBK is selling its 60% stake in Taiwan’s biggest cable TV broadcaster at the second attempt after tussles with the regulator; a salutary lesson in the risks of Asian deal making.

MBK sees CNS exit for about $2.4b after aborted effort

MBK Partners is selling its 60% stake in China Network Systems CNS for about $2.4 billion including debt to Taiwan’s Wei family, after a protected investment period and a clash with regulators, according to a person familiar with the matter.

The sale to the Wei family, known for their control of noodle-maker Tingyi, still needs regulatory approval but MBK hopes this time it will get the green light.

The deal has been...

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