Original article by Max Mason
The Australian Financial Review – Page: 13 & 18 : 21-Oct-15

US-based Apollo Global Management will reduce its stake in Nine Entertainment Company to nine per cent after agreeing to sell about 13 per cent of its holding to Bruce Gordon. The Bermuda-based businessman will pay around $A200m for the holding via his private company, Birketu. This will increase the WIN Corporation owner’s total stake in Nine to 14.95 per cent. Gordon also has a 14.95 per cent stake in Ten Network.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WIN CORPORATION PTY LTD, BIRKETU PTY LTD, APOLLO GLOBAL MANAGEMENT LLC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, PRIME MEDIA GROUP LIMITED – ASX PRT, SEVEN WEST MEDIA LIMITED – ASX SWM, NETFLIX INCORPORATED, FREE TV AUSTRALIA LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, MACQUARIE GROUP LIMITED – ASX MQG, UBS HOLDINGS PTY LTD, KPMG AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION