Thai business mogul and trans activist purchases Miss Universe Organization for $20 million
CBSN
IMG has sold the Miss Universe Organization (MUO), which oversees the annual pageant, to the company of Thai transgender business mogul Anne Jakapong Jakrajutatip. It is the first time a woman has owned the organization in its 71-year-history.
Jakrajutatip's Thailand-based media group, JKN Global Media Public Company Limited, purchased MUO for $20 million, according to The Associated Press.
The businesswoman, who is also a reality TV star in Thailand, said she is pleased to carry on the legacy of the Miss Universe Organization, calling it a "strong, strategic addition to our portfolio."
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