China's CEFC, Penta make joint bid for Time Warner unit at around $2b

China's CEFC, Penta make joint bid for Time Warner unit at around $2b

REUTERS/Jason Lee

China’s CEFC group and eastern Europe’s Penta Investments have made a joint bid for Time Warner’s Central European Media Enterprises (CME), while Petr Kellner’s PPF has dropped out of contention, sources said.

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