You are here: Home » Reuters » News
Business Standard

Lachlan Murdoch makes fresh bid for Australia's Ten Network

Reuters  |  SYDNEY 

SYDNEY (Reuters) - Lachlan Murdoch's private company on Friday revised its takeover offer for Australia's struggling Ten Network Holdings Ltd, according to bid documents reviewed by Reuters.The fresh offer, which does not give a total value, escalates the battle for the broadcaster from a legal challenge to an already-agreed buyout from U.S. cable network CBS Corp to a full-scale bidding war.Ten, a ratings laggard which went into administration three months ago following long declines in viewership and advertising revenue, has become an attractive target because of its national reach and ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, September 15 2017. 10:10 IST
RECOMMENDED FOR YOU