Nine Entertainment Co CEO David Gyngell has announced that terms had been agreed with WIN for the purchase of Channel Nine Perth effective from September 30, 2013. This follows their recent acquisition of NWS Adelaide. "Following detailed discussions with WIN proprietor Bruce Gordon and the completion of due diligence requirements, we are now in a position to finalise the contracts on this pivotal deal for the Nine Network," he said."This is an historic landmark for us because … [Read more...] about Nine acquires WIN Corp’s Perth station, appoints David Mott as MD
Nine Entertainment
Australia’s Nine Entertainment plans for IPO
According to The Australian, Nine Entertainment hopes to raise between A$800 million and A$1.2 billion when it floats on the Australian Securities Exchange by the end of the year. The listing could see Nine’s owners, hedge funds Apollo Global Management and Oaktree Capital Group, sell down as much as half their stakes a year after the approval by the federal court of a A$3.4bn recapitalisation of the company, added the report. The Australian added that the Nine float is aimed at replacing … [Read more...] about Australia’s Nine Entertainment plans for IPO
