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Ten Network’s Holdings Limited (ASX:TEN) cricket bid may not be a done deal with Nine Entertainment Co considering an offer, according to media reports.

 

Nine is reportedly considering matching Ten's $500 million offer for cricket media rights.

 

The bid may be party funded by new debt, regardless of the outcome of negotiations with Bruce Gordon over his WIN television stations in Perth and Adelaide.

 

Nine's managing director Jeff Browne reportedly met with negotiators from Cricket Australia this week in Melbourne to iron out details of the final bids.

 

Ten will have to wait until the official deadline on Monday, to see whether or not Nine moves forward with a counter-offer.

 

Ten Network Holdings Limited (ASX:TEN) reported a net loss of $240 million for the first half of fiscal 2013.