Taiwan Optical Platform Co.,Ltd. (TSEC:6464) agreed to acquire 65% stake in Eastern Broadcasting Co., Ltd. from BiJ Lou B.V., PX Capital Partners B.V., Eastern Media International Corporation (TSEC:2614) and employees of Eastern Broadcasting Co., Ltd. for TWD 11.1 billion on October 14, 2016. Under the terms, Taiwan Optical signed a share purchase agreement to acquire 61% stake from BiJ Lou B.V. and PX Capital Partners B.V., 35% from Eastern Media International Corporation and another 4% from employees of Eastern Broadcasting. Taiwan Optical plans to issue new shares and seek loans from banks to fund the deal.

The deal is subject to approval from the National Communications Commission, the Investment Commission and the Fair Trade Commission. As of December 2, 2016, the transaction is approved by the shareholders of Taiwan Optical Platform.The deal has been approved by Taiwan Optical's Board of Directors. The agreement with BiJ Lou B.V. and PX Capital Partners B.V. is due to expire in March 2017 and can be extended by three months in a bid to secure regulatory approval. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for The Carlyle Group.

As of March 13, 2017 the share purchase agreement has been extended for three month from March 14, 2017.