S. Africa’s M&G Newspaper Bought by Media Devt Investment Fund

 In news

Johannesburg-based Mail & Guardian has been acquired by Media Development Investment Fund, it reports on its website.

* As part of deal current CEO Hoosain Karjieker becomes a minority shareholder; former publisher Trevor Ncube has left the company;
* MDIF is a New York-based non-profit organization;
* NOTE: Nov. 27, S. Africa’s Mail & Guardian Gets Buyout Offers: Daily Maverick. Source: Bloomberg

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