sale of tawan broadband corp

Anybody have a clue as to why MMG did this? The sale is to a Mac investment fund? It was not signaled in the recent presentations where management underscored the opportunity and advantages this business has?

"Macquarie Media Group announced that it has entered into an agreement to divest its 60% economic interest in Taiwan Broadband Communications (TBC) for approx $400m, the equivalent of $1.87 per stapled security. The price reflects an enterprise value of 12.1x EBITDA for CY2007 and delivers an internal rate of return on the Company's investment of 34% after taking account of distributions received during the Company's period of ownership. The sale is to Macquarie Korea Opportunities Fund, which has already secured all necessary investor approvals for the transaction, and is expected to complete in the June 2008 quarter subject to regulatory approvals in Taiwan and customary terms and conditions"