SCMP confirms third party offer to purchase its "media assets"

The publisher of South China Morning Post, SCMP Group, has confirmed it is in talks with a third party concerning the possible purchase of its media assets, Reuters reported, citing a filing to the Hong Kong Stock Exchange. The announcement comes on the heels of a report from Bloomberg that claimed Jack Ma, founder and executive chairman of Alibaba, was in talks to buy a stake in the group and that a deal would be announced shortly. “Consideration of such proposal is at a very early stage and the terms of any potential transaction remain subject to discussion and to regulatory review,” SCMP Group said in its filing.