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BBC Chinese: South China Morning Post Acknowledged Acquisition Talks under Way

BBC Chinese recently reported that the board of the South China Morning Post released a statement which acknowledged the fact the newspaper may be acquired by a third party. Not long ago Bloomberg and China Daily both reported that Alibaba Chairman Jack Ma was attempting to acquire the Hong Kong based newspaper. South China Morning Post is the top English language newspaper in Hong Kong with a circulation of 104,000. It was founded by Tse Tsan-tai and Alfred Cunningham in 1903 (during the Qing Dynasty). The first edition of the Post was published on November 6, 1903. The largest shareholder of the South China Morning Post is Malaysian billionaire Robert Kuok Hock Nien, who is often labeled as pro-Beijing. He clarified in a media interview that, if his shares were to be sold to a third party, it would be a pure business decision – nothing political. 
Source: BBC Chinese, November 26, 2015