TEN 0.00% 16.0¢ ten network holdings limited

News: TEN Lachlan Murdoch makes fresh bid for Australia's Ten Network

  1. 68,069 Posts.
    lightbulb Created with Sketch. 460

    SYDNEY, Sept 15 (Reuters) - Lachlan Murdoch's private company on Friday made a revised takeover offer for Australia's struggling Ten Network Holdings Ltd (TEN) , which did not give a total value, according to bid documents reviewed by Reuters.

    Murdoch's company, Illyria, together with the private company of his business partner Bruce Gordon, had previously made an offer for the broadcaster before the network agreed to a buyout from United States cable network CBS Corp CBS.N last month.

    Ten was placed in to administration in June and the new offer raises the pool of cash payable to creditors from A$35 million ($28 million) to A$55 million.

    ($1 = 1.2508 Australian dollars)

 
watchlist Created with Sketch. Add TEN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.