BREAKFAST DEALS: Nine's theatrics

Worthy of a prime-time drama, Nine's ownership hinges on a battle between hedge funds and private equity, while Ten Network is touted as a potential target.

US hedge funds have thrown up a counter proposal for Nine Entertainment that would wipe out private equity owners, as the television network books a bumper August on the back of the Olympics. Ten Network didn’t do so well, underlining the challenges for any dealmakers eyeing up the network. Elsewhere, iron ore’s sudden recovery signs come as a welcome relief to Fortescue Metals Group, while Tower Australia could be set to reveal some interest that its receive in its assets.

Nine Entertainment, CVC Asia Pacific, Goldman Sachs, Apollo Global Management, Oaktree Capital


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles