DataRoom AM: Switching off Ten

Foxtel has reportedly abandoned plans for a joint bid for Ten Network, while Bendigo and Adelaide Bank is in no rush to pursue any major mergers.

Rumours have been coming thick and fast in the media space of late, with the latest being reports of interest in Ten Network from pay TV heavyweight Foxtel. But while there may eventually be a play for Ten, Foxtel is not likely to be involved.

Elsewhere, Bendigo and Adelaide Bank appears unlikely to be at the centre of landscape-changing M&A anytime soon, Hoyts hits the pre-IPO roadshow trail and Infratil Energy offloads its local energy businesses to Snowy Hydro.

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