Private equity circles Ten: report

US-based Providence Equity Partners weighs bid, Ten board may be amenable to deal.

A number of private equity firms are believed to be interested in making a bid for Ten Network Holdings (TEN) as the stock price of the media group sits around an all-time low, The Australian Financial Review reports.

The report suggested US media investor Providence Equity Partners has progressed the furthest with a possible offer, running the numbers and holding “preliminary” talks with the possible target.

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