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Jakarta Post

VIVA’s owner approaches potential buyers

  • Raras Cahyafitri

    The Jakarta Post

Jakarta   /   Sat, April 6 2013   /  12:34 pm

Media company PT Visi Media Asia (VIVA), a company controlled by the politically wired Bakrie family, said that its shareholders were mulling on divesting shares in the new company to other groups running similar businesses, signaling that it may accept offers from tycoons Chairul Tanjung and Hary Tanoesoedibjo.

The company, however, said that it could not confirm any specific partner for the divestment.

“To the company’s knowledge, shareholder[s] have once assessed the possibility of cooperating and building synergy with other media group[s]. The decision to sell stakes is made by shareholders and we haven’t received information [from the shareholders] about any plan to sell stakes to the CT Corporation,” VIVA chief counsel and corporate secretary Neil Tobing said in a written statement on Friday.

He was referring to news about an offer made by Chairul, owne...