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CNN报道:Chinese tycoon wants to buy The New York Times | 中国大亨欲收购《纽约时报》

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Chinese businessman Chen Guangbiao wants to buy The New York Times.

CNN原文链接:http://money.cnn.com/2014/01/02/news/companies/china-new-york-times/

An eccentric Chinese businessman with a penchant for publicity stunts is seeking to buy The New York Times Company.

Words and Expressions:
1. eccentric /ɪkˈsɛntrɪk/ adj. 古怪 tending to act in strange or unusual ways
2. penchant /ˈpɛntʃənt/ noun. 嗜好 a strong liking for something
3. publicity stunts 炒作

Chen Guangbiao, a rags-to-riches tycoon who made millions in the recycling business, said he would fly to New York on Friday to meet with a representative of The Times.

With a net worth estimated at $810 million, Chen is known in China as a philanthropist -- even if his methods are somewhat unusual. To promote environmental causes, for example, Chen has distributed cans filled with "clean air."

Words and Expressions:
1. rags-to-riches adj. from being poor to being wealthy
2. typcoon /taɪˈku:n/ noun. 大亨 a very wealthy and powerful business person
3. philanthropist /fəˈlænθrəpɪst/ noun. 慈善家 a wealthy person who gives money and time to help make life better for other people

When it comes to The Times, Chen insists he is serious. "It's not a stunt," he said in a phone interview with CNN Thursday. "I have dreamed about the purchase for almost two years. I am very sincere about it."

While company shares spiked on initial reports of Chen's interest, there are reasons to believe the bid will not come to fruition. The newspaper's publisher, Arthur Sulzberger Jr., who is also chairman of the Times Company, has said that the paper is not for sale.

Words and Expressions:
1. stunt /ˈstʌnt/ noun. something that is done to get attention or publicity
2. bid /ˈbɪd/ noun. 出价 an offer to pay a particular amount of money for something
3. fruition /fruˈɪʃən/ noun. 实现 the state of being real or complete

"Will our family seek to sell The Times?" Sulzberger said in August. "The answer to that is no."

To ensure control of the company and discourage takeover attempts, the Ochs-Sulzberger family maintains a trust of Class B shares that come with special voting rights. Without the family's participation, Chen will be limited to buying publicly available Class A shares.

Words and Expressions:
1. discourage /dɪˈskɚrəʤ/ verb. 阻止 to make (something) less likely to happen
2. takeover /ˈteɪkˌoʊvɚ/ noun. 接管 an occurrence in which a person, company, etc., takes control of something
3. trust - noun. 信托 an arrangement in which someone's property or money is legally held or managed by someone else or by an organization (such as a bank) for usually a set period of time

Chen said that he is prepared to make an initial offer of $1 billion for the paper. The company currently has a market cap of $2.4 billion -- and Chen said he is "definitely willing to negotiate the price further."

"I read some news and learned that The New York Times is worth about $4 billion," Chen said. "It's a difficult price for me personally, but I contacted several business tycoons in Hong Kong and they are willing to collaborate with me on this purchase."

Words and Expressions:
1. market cap noun. 市值
2. negotiate /nɪˈgoʊʃiˌeɪt/ verb. 商谈 to discuss something formally in order to make an agreement
3. collaborate /kəˈlæbəˌreɪt/ verb. 协同 to work with another person or group in order to achieve or do something

Chen said that he has contacted a "mid-level director" at The Times who had "agreed to help me negotiate." Eileen Murphy, a Times spokeswoman, told a Times reporter on Tuesday that she had no information about "any such meeting." Murphy declined further comment Thursday.

"High level directors at The Times say to media outlets that they won't sell," Chen said, "but I plan to persist, and I hope my sincerity can finally help us make the deal."

网友的学习评论(4条):
作者:star
fruition 和 trust 的位子放反了·······
作者:Wanigfuney
只是810万嘛,怎么说成8.1亿呢?
作者:Joyce
是810百万,所以8.1亿
作者:peti
yes agree
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