Nine Entertainment announces $275mn takeover - Breaking News

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Sunday, August 11, 2019

Nine Entertainment announces $275mn takeover

Nine Entertainment has announced a $275 million takeover offer to become the full owner of radio broadcaster Macquarie Media. The media giant, which already owns Sydney's 2GB and Melbourne's 3AW radio stations, is offering $1.46 per share - down from Macquarie Media's current share price of $1.74. The offer has been unanimously recommended by the radio network's independent directors.

from National | Daily Telegraph https://ift.tt/2OSkBch

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