Yeah, you heard it right. Multimedia University (MMU) is up for sale, and it’s valued between RM800~900 million. The plan is to raise money for the high-speed broadband (HSBB) project which will cost TM RM1~1.5 billion per year.
Here’s an article from Business Times Online.
From the line While management remains optimistic on the disposal of staff loans, the group is struggling to find a buyer for the university,” the duo noted., it’s now confirmed that MMU is for sale!
I was alerted of this news while reading Amanz.