cnolan

Taiwan’s Want Want China Holdings will lead a consortium of investors acquiring Taiwan-based cable operator China Network Systems from private equity group MBK Partners, Reuters reported. Financial terms were not disclosed, though Reuters valued the deal at more than $2 billion, and named Taiwan cable company ETTV among the other investors. Seoul-based MBK Partners, which has more than $3.7 billion under management, bought China Network Systems for $1.5 billion in 2007.