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Miss Universe purchased for $20M by Thai media tycoon

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Anne Jakkaphong Jakrajutatip, a Thai media tycoon and transgender rights advocate, has purchased the Miss Universe Organization for $20 million.

Her company, JKN Global Group, announced the takeover yesterday.

Jakkaphong, who has been outspoken about her experiences as a transgender woman, said the company was “incredibly honored” to make the acquisition.

Read more from CNN Business.

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