News: FXJ Australia's Nine Entertainment to buy Fairfax Media for $1.6 bln, page-20

Yep. This is very opportunistic from Nine. Their stock is overvalued and they are making this deal using that. If I wanted to own Nine I would've bought shares in Nine, but I reckon it's not worth it. There is a reason why the packers don't own it anymore.

So now it looks like spinning out domain made fxj just the right size for nine to merge. Was this the gameplan all along? It seems to have been a great one if you're a company director but not so good if you're a shareholder.