Suning Commerce Group Co Ltd to Buy Stake in Online TV Firm from SoftBank Corp- Nikkei

Monday, 28 Oct 2013 08:00pm EDT 

Nikkei reported that Suning Commerce Group Co Ltd has reached an agreement with SoftBank Corp, to invest up to USD 250 million (JPY 24 billion) to acquire SoftBank group's entire 35% interest in PPTV to become a top shareholder. The purchase will lift Suning's stake to 44%. SoftBank has not disclosed the sale price. 

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