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Parker sells Wine Advocate stake for $15m
Dec 12, 2012
(TheDrinksBusiness) - US wine critic Robert Parker sold the major stake in The Wine Advocate to Singapore-based investors for US$15 million, according to a newspaper report.
AFP reports that Singapore’s Straits Times spoke to potential investors invited to take part in a deal brokered by bankers in the city-state.
Parker has yet to release financial details of the deal.
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