Sunday, 8 April 2012

Suitors line up for business portal Zawya - The National

A multimillion-dollar sale of the Middle Eastern business portal Zawya is expected to be finalised next month, with several global and regional media companies in the running.

Thomson Reuters, Emap and Pearson, which owns the Financial Times, have expressed an interest in acquiring the website, The National has learnt.

If negotiations are successful, Zawya is expected to be sold for tens of millions of dollars, with a new owner chosen within six weeks.

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