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Copies of the South China Morning Post (SCMP) newspaper are seen on a newspaper stand in Hong Kong, China, in this November 26, 2015 file photo.[Photo/Agencies] |
The move echoed Amazon founder Jeff Bezos' 2012 acquisition of the Washington Post, although he made the investment privately and not through his company.
Many media commentators certainly have also highlighted the fact that the company's shares, after hitting a high of $120 shortly after the float, are now trading just below the IPO initial price of $68.
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