Next, a tech tycoon branching out into the media business.

A group of investors led by HTC Chairperson Cher Wang has acquired Shaw Brothers' 26 percent stake in TVB, Hong Kong's leading free-to-air broadcaster, in a deal rumored to be worth over 30 billion NT dollars.

At this years year end party, HTC C.E.O. Cher Wang sang and dance to entertain her employees, which was a sign that the cell phones were selling well on the market.

The employees were lucky to get a big bonus this year.

Now Wang is ready to tap into the media business with Hong Kong businessman Chan Kwok Keung and has bought the 26% share of TVB from Shao brothers.

The deal was rumored to be around NT$30 billion.

According to TVB subsidiary TVBS in Taiwan, currently, there is not change in operation despite the deal.

With TVB getting approval to broadcast in China, Wangs investment is a great leap into the media industry in China, Hong Kong and Taiwan.

However, media scholars worry that, large companies like HTC and others controlling media might influence programming and is would not be what the audience expect to see.

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