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TV nets sold to accountant

A group of investors led by a 37-year-old Mexico City accountant will pay almost $ 650 million for two state-owned television networks and other properties, the government announced.

Longshot bid

The announcement that Ricardo Salinas Pliego’s Radio Televisora del Centro had submitted the winning bid came as a surprise, since his group has little media experience and was given little chance of winning.

The group headed by Salinas Pliego, president of the consumer electronics chain Elektra, bid the equivalent of $ 647,265,000, the highest of four bids, the ministry said in a statement Sunday.

The package includes the networks, Channels 7 and 13, a theater chain and a production studio, one of Mexico’s last and largest privatizations.

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