Nine buys Fairfax Media for US$1.6bn

Australia’s media company Fairfax Media, which owns the Sydney Morning Herald and Australian Financial Review, agreed to be sold to television network Nine Entertainment Co Holdings for A$2.16bn (US$1.6bn). The merger would make Nine the biggest media company in the country, ahead of News Corp’s Australian arm.

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Published on 15.08.2018
Published on 15.08.2018
Published on 15.08.2018