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Agreed to merge
- Australian media giants Nine Entertainment and Fairfax have agreed to merge, creating what they say will be the nation's "largest integrated media player". The surprise deal, worth an estimated A$4bn (£2.25bn; $3bn), gives Nine Entertainment a 51.1% stake. The new business will be called Nine.
www.bbc.com/news/world-australia-44961971Australian media giants Nine and Fairfax agree to merge - BBC
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Jul 26, 2018 · Fairfax Media and Nine Entertainment announced on Thursday they were proposing to merge, with the new entity, to be called Nine, headed by the broadcaster’s chief executive Hugh Marks.
Jul 25, 2018 · Nine Entertainment Co. Holdings Limited (Nine) (ASX:NEC) and Fairfax Media Limited (Fairfax) (ASX:FXJ) are pleased to announce that the companies have entered into a Scheme Implementation Agreement under which the companies will merge to establish Nine as one of Australia’s leading independent media companies (Proposed Transaction).
Jul 26, 2018 · The prospect of Fairfax Media and Nine Entertainment coming together to form a giant media company with TV, online, radio, print, real estate and a streaming service has long been the topic of of intense industry speculation – and today that news takes a huge step closer to becoming reality.
Jul 26, 2018 · ‘Unbelievably sad’: Fears for Fairfax legacy as 177-year-old firm bought by Nine Entertainment. STAFF at Fairfax have been shocked by the “unbelievably sad” news that Nine is taking over.
Jul 25, 2018 · IN ONE of the biggest media deals ever seen in Australia, Nine and Fairfax have announced plans for a $4 billion merger that will see the name “Fairfax” disappear from the nation’s media landscape.
Jul 26, 2018 · In a joint announcement to the Australian Securities Exchange on Thursday morning, Nine Entertainment Co. Holdings Ltd. and Fairfax Media Ltd. said they had entered into a Scheme...
Jul 26, 2018 · Fairfax and Nine have announced they will be merging to create a new media giant. Here's what you need to know about the deal and what it means for the newspapers, television shows and radio ...