SYDNEY, Aug 28 (Reuters) - CBS Corp
, owner of the most-watched U.S. TV network, agreed to buy Australian free-to-air broadcaster Ten Network Holdings Ltd (TEN), the Australian broadcaster's administrators said on Monday. "The decision to enter an exclusive transaction deed with CBS followed a rigorous sales process," PPB Advisory and KordaMentha said in a joint statement.
Ten called in administrators in June.
News: CBS Corp agrees to buy Australia's Ten Network
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