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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