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

Eastern Media International

08/01/2014 05:16

TAIPEI, Jan 8 (Reuters) - Taiwan's Eastern Media International Corp  2614.TW  is bidding to buy Carlyle Group's CG.O  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. ($1 = 30.0685 Taiwan dollars) (Reporting by Faith Hung; Editing by Miral Fahmy) ((clare.jim@thomsonreuters.com)(886 2 25004882)(Reuters Messaging: clare.jim.thomsonreuters.com@reuters.net)) Keywords: EASTERN MEDIA INTL/