Sir Run Run Shaw, the centenarian founder and chairman of Television Broadcasts, is in talks to sell his stake in the world’s leading Chinese language broadcaster – a sale that has attracted interest from international private equity groups including Bain Capital and Blackstone.

Buying into the Hong Kong-based TV operator would give buy-out groups control of one of the few foreign TV stations that has rights to broadcast in mainland China. TVB is also the most popular broadcaster in southern China and holds the world’s largest library of Cantonese content.