Taiwan's Eastern Media bids for Carlyle's stake in local TV firm

TAIPEI Wed Jan 8, 2014 12:44am EST

TAIPEI Jan 8 (Reuters) - Taiwan's Eastern Media International Corp is bidding to buy Carlyle Group's entire 61 percent stake in local TV company Eastern Broadcasting which is worth around $240 million, two sources with direct knowledge of the matter said on Wednesday.

Eastern Media International, a warehousing service provider, currently holds 30 percent of the shares of Eastern Broadcasting and is the company's second largest shareholder.

Carlyle is expected to make a decision on the bid by the end of this month, the sources said.

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