Chinese Recycling Tycoon Will Learn Why the New York Times Is Tough to BuyBy
It's no wonder the New York Times is a valuable prize, given its palpable influence, felt daily in the U.S. and abroad. That's drawn the interest of a Chinese businessman named Chen Guangbiao, the latest self-styled tycoon to consider a bid for the Times. He made his riches in the recycling business and claims to have raised enough cash — about $1 billion, according to a story in the Times — to buy a large or controlling stake in the company.
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