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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.
- Published by David Knox
- on
- Filed under News
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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4 Responses
sell WIN to CBS & buy up more Nine shares?
Stranger things have happened.
One would think a finger in all these pies amounts to a conflict of interest.
No doubt making some management types at Nine quietly nervous. Wonder if the ACCC will investigate if the ACMA does not? These loopholes make current media ownership laws useless.