Nine Entertainment Unveils Takeover Of Fairfax Media To Create Australia’s Largest Media Company – Deadline

Deadline
In a move that took international markets by surprise overnight, Australia’s Nine Entertainment announced a $3 billion takeover of Fairfax Media. The TV net will take a controlling 51.1% stake in the newly merged company, which will be renamed NEC, or
Australia’s Fairfax Media, Nine Entertainment to mergeTampabay.com

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