Original article by Jake Mitchell
The Australian – Page: 21 : 24-Nov-15

Apollo Global Management has sold its remaining 9.82 per cent stake in Nine Entertainment Company. The US hedge fund sold out of the media group at $A1.61 per share, gaining about $A140m from the transaction. Apollo and Oaktree Capital provided Nine with a financial lifeline in 2012, and they have progressively reduced their stakes. Oaktree now holds 7.8 per cent of Nine’s shares.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, APOLLO GLOBAL MANAGEMENT LLC, OAKTREE CAPITAL MANAGEMENT LLC, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, TEN NETWORK HOLDINGS LIMITED – ASX TEN, UBS HOLDINGS PTY LTD