Ten won't be a shoo-in for private equity

If the consortia rumoured to be gunning for Ten think it will buckle under their advances, they should think again.

Things are finally looking up for Ten Network, and if the latest reports are to be believed, private equity firms are circling and readying to pounce in nice time for the uptick, sweeping in to maximise exposure to the recovery.

New York hedge fund Anchorage Capital Group has approached private equity group Providence Equity Partners about exploring a joint bid, according to the AFR.

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