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Indonesia's CT Corp Proposes All-Cash Deal For PT Visi Media Asia Tbk-Reuters

Thursday, 28 Mar 2013 11:54pm EDT 

Reuters reported that CT Corp, one of Indonesia's emerging conglomerates, has proposed an all-cash deal for a controlling stake in media firm PT Visi Media Asia Tbk, valued at up to $1.8 billion, to strengthen its position in the media business in Southeast Asia's biggest economy. The founder and Chairman of CT Corp, Chairul Tanjung, told Reuters that his firm wanted to purchase Visi Media, a unit of Indonesia's powerful Bakrie family, without any partners. 

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