Disney in talks to invest in Indonesia’s MNC Group unit

CEO of MNC Group Hary Tanoesoedibjo poses at the MNC editorial office in Jakarta May 25, 2012. REUTERS/Beawiharta

Disney is in talks to invest in a media subsidiary of Indonesian group Media Nusantara Citra (MNC), an MNC executive told Reuters.

“If the two companies can agree, Disney would invest $200 million for 10 years,” the executive said, asking not to be named due to the confidentiality of the talks.

He said a previous deal had been cancelled with Vivendi, that would have seen the French conglomerate spend more than $500 million in acquiring stakes in two affiliates of MNC’s PT Global Mediacom, Indonesia’s largest media company.

MNC founder Hary Tanoesoedibjo, a business partner of U.S. President Donald Trump, declined to comment on whether the company was in talks with Disney.

He, however, said that negotiations with Vivendi were ongoing, and that Vivendi was now looking to buy a stake through its subsidiary Canal Plus in MNC Vision Networks (MVN), an affiliate of MNC Media Group.

Disney and Vivendi did not immediately respond to requests for comment.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.