Actually, looks like shareholders retain 25%:
The structure allows shareholders to keep 25 per cent of their equity, with Ten to be relisted on the ASX.
This will enable Ten’s 17,000 shareholders to share in any recovery under Murdoch and Gordon. Under the CBS bid, the US company will own 100 per cent of the company.
Well that's good, clearly it means no way for CBS to prove our shares are worthless.
http://www.theaustralian.com.au/bus...n/news-story/799ad0c0cda4b0efc91e3275535ea4f4
News: TEN Lachlan Murdoch makes fresh bid for Australia's Ten Network, page-3
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