Chinese recycling tycoon says he wants to buy New York Times

By Megha Rajagopalan BEIJING (Reuters) - An eccentric Chinese recycling magnate said on Tuesday he was preparing to open negotiations to buy the New York Times Co . Chen Guangbiao, a well-known philanthropist, is something of a celebrity in China. He said he expected to discuss the matter on January 5, when he is due to meet a "leading shareholder" in New York. Donald Trump, the real estate magnate who sells Trump-branded bottled spring water, was trying to figure out a way to buy the Times earlier this year, according to a report in New York magazine, which said that details of Trump's plans were "scant." It is unlikely that the Times, which has long been controlled by the Ochs-Sulzberger family, would sell to Chen.

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