Wednesday, August 1, 2018

Fairfax assets could be on-sold as key shareholder supports Nine takeover

A rival bid for the media company is not yet forming, despite furious speculation

Melbourne business interests, smaller media companies and members of the Fairfax family are poring over assets in the newspaper empire that might be on-sold following Nine’s takeover of Fairfax Media.

But a rival bid for the 177-year-old media company does not at this stage seem to be forming, despite concerns from two of the key shareholders in Fairfax that the cash and stock offer from Nine values the company too cheaply.

Related: From butlers and booze-ups to a humiliating end – the sad demise of Fairfax | David Marr

Related: Clancy Dackbulge and Senator Potato toast the Fairfax takeover | First Dog on the Moon

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from Mergers and acquisitions | The Guardian https://ift.tt/2vqIcDX

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