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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 ...

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First Published: Fri, September 15 2017. 10:10 IST