Global News Blog Why did someone pay a hefty $122M for a struggling Venezuelan newspaper?

El Universal was valued between $20 million and $35 million, but $122 million was an offer the owner couldn't refuse. Some wonder if the buyer has government ties.

By , Correspondent

Ramon Espinosa/AP

Numbers say a lot. And the $122 million price tag for Venezuelan daily El Universal says that the seller was made an offer he couldn’t refuse.