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CBS paying at least $162 million cash for Australia's Ten Network

Reuters  |  SYDNEY 

SYDNEY (Reuters) - CBS Corp will pay at least A$201.1 million ($162 million) in cash to buy Australian broadcaster Ten Network Holdings, according to documents released on Monday by Ten's administrator.CBS, the United States' most-watched television network, said it agreed to buy Ten last month, without disclosing a price.But Ten's administrator released financial details of the deal on Monday as the company fends off a court challenge from a rival bidder - a consortium led by Lachlan Murdoch, co-chair of News Corp. The deal is paused while the court case is heard. The youth-focused ...

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First Published: Mon, September 11 2017. 15:47 IST