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Announced

Nine Entertainment offered to take full control of Macquarie Media for $77m.

Financials

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Transaction Value£64m
Consideration TypeCash
Capital Owned55%
Capital Bid For46%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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radio broadcasting

Minority

Acquisition

Australia

Public

Radio and TV Broadcasters

Pending

Single Bidder

Synopsis

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Nine Entertainment, an Australian publicly listed media company, offered to take full control of Macquarie Media, an Australian media company, operating radio stations nationally, for $77m. “The acquisition of Macquarie Media consolidates Nine’s position as the leading provider of news and current affairs content across all of the key platforms – television, digital, print and now radio,” said Hugh Marks, CEO of Nine.

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