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Bruce Gordon tipped to be behind push for Nine, Prime Media.

The media mergers and acquisitions race may be hotting up again.

Billionaire mogul Bruce Gordon is believed to be buying Prime Media Group shares.

Gordon, who is already Prime Media’s largest shareholder with a 14.99 per cent stake, is understood to have picked up a 4.9 per cent economic interest in Prime Media Group, via Deutsche Bank.

Gordon owns rival regional broadcaster WIN Corporation and a 14.97 per cent stake in Nine Entertainment Co.

Sources said Deutsche has also been acquiring shares in Nine in the past fortnight on behalf of an undisclosed party.

Source: AFR

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