A top official from Bus Online Holdings yesterday denied media reports that a consortium led by Walt Disney was in talks to buy a stake in it.
Reuters reported on Monday that a Disney-led consortium was in talks to buy 30 or 40 percent of Bus Online for more than $100 million through a purchase of old and new shares in private placements.
"It (the news) is absurd. We neither have any financing plans nor have we been contacted by any multinational firms for strategic cooperation," said Chen Yue.
