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Chapter 723 [New Media Group](2/2)

Next, everyone expressed their support and put forward their own opinions.

In the end, the result of everyone's discussion was: assuming that the two companies successfully merged into a "media group", then the new group's business would be divided into four major businesses:

Television broadcast (Asia Television, Asia Satellite TV)

Entertainment movies (YG Entertainment, DreamWorks)

News animation (Wanhui Media, Wanhui Animation)

Software games (The9, Netflix, ICQ, Sina)

........

At the end of February, news of the merger between Wanhui Media Group and ATV Group was widely spread by the media.

Lam Cho-fai also told reporters that he supports the merger of the two groups, which is more conducive to the development of Hong Kong's cultural and technological industries and the development of the company. Lam Cho-fai said he has his own considerations as to whether this merger violates the Hong Kong government's cross-media restrictions.

, and act in accordance with the law. In this merger, Lin Zuhui said that there will be no social pressure.

For a time, the news spread like wildfire, and the two companies arranged to suspend trading.

The answer to this merger came in early March, when the Hong Kong government and the Broadcasting Authority obtained the intention to relax the exemption clause and approved it.

Although some members of the Legislative Council came out to oppose the "monopoly plan" during the period, after all, they were just a certain member and it was harmless.
Chapter completed!
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