KUALA LUMPUR: Media Prima Bhd has accepted an offer from PNB Development Sdn Bhd for the media company to acquire Balai Berita Bangsar for RM156.4mil.

       In a statement, the media group said it initiated the acquisition of its headquarters in Bangsar, Kuala Lumpur, as part of its plans to ensure long-term security for the group’s business operations.

       Media Prima said the strategic location of Balai Berita Bangsar will support the group’s operations and future growth, hence the proposed acquisition will provide long-term certainty to ensure that its operations are not disrupted.

       Currently, Media Prima is renting Balai Berita Bangsar from PNB Development and the property houses the group’s corporate headquarters and offices for subsidiaries. — Bernama