Economy News Headlines - Yahoo! News: Exclusive: Indonesia's CT Corp proposes all-cash deal for Bakrie's media unit

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Exclusive: Indonesia's CT Corp proposes all-cash deal for Bakrie's media unit Mar 29th 2013, 04:14 By Janeman Latul and Randy Fabi TANJUNG BENOA, Indonesia (Reuters) - 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 , 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. "We are one of the preferred bidders. Our proposal is we want to buy it all ... ... Media files: 2013-03-29T041447Z_1_CBRE92S0BSU00_RTROPTP_2_INDONESIA-CTCORP.JPG (image/jpeg)

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