Taiwan's Eastern Media to sell TV station stake to Dan Mintz

Eastern Media International

11/12/2015 06:37

TAIPEI, Dec 11 (Reuters) - Taiwan's Eastern Media 
International Corp  2614.TW  said on Friday it will sell its 
21.32 percent stake in Eastern Broadcasting Corp (EBC) to U.S. 
filmmaker Dan Mintz for T$3.9 billion ($118.96 million), joining 
Carlyle Group  CG.O  in exiting the investment. 
    The move by EBC's second-biggest stakeholder comes after the 
co-executive producer of Hollywood action movie 'Iron Man 3' 
said last month it had agreed to buy Carlyle's 61 percent stake. 
    The proposed sales by Eastern Media and Carlyle are subject 
to Taiwan regulatory approval.  
     
($1 = 32.7850 Taiwan dollars) 
 
 (Reporting by Faith Hung; Editing by Stephen Coates) 
 ((faith.hung@thomsonreuters.com; 8862 2500 4893; Reuters 
Messaging: faith.hung.thomsonreuters.com@reuters.net)) 
 
Keywords: EMIC DAN MINTZ/