DaouKiwoom-CJ consortium to sign deal to acquire JoongAng Ilbo 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 Co., the company said Wednesday. Under the deal, the DaouKiwoom-CJ consortium will purchase 520 billion won ($388 million) worth of new shares in JoongAng Ilbo,…

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