Original article by Dominic White
The Australian Financial Review – Page: 31 : 24-Nov-14
Indicative offers for the Ten Network will be accepted until 2 December 2014. Foxtel and Discovery Communications are believed to be planning to make a cash and scrip offer, whereby Ten’s existing shareholders would be given shares in the free-to-air broadcaster. The move is aimed at gaining the support of 14.9 per cent shareholder Bruce Gordon, who has ruled out selling his stake. Foxtel has also proposed to merge Ten and its own Multi Channel Network advertisings sales division
CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, DISCOVERY COMMUNICATIONS INCORPORATED, MULTI CHANNEL NETWORK PTY LTD, CITIGROUP PTY LTD, WIN CORPORATION PTY LTD, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, CROWN RESORTS LIMITED – ASX CWN, TIME WARNER INCORPORATED, HBO, WARNER BROS, CABLE NEWS NETWORK, HELLMAN AND FRIEDMAN, SABAN CAPITAL GROUP INCORPORATED, ANCHORAGE CAPITAL PARTNERS PTY LTD, PROVIDENCE EQUITY PARTNERS INCORPORATED, PARAMOUNT PICTURES CORPORATION