WIN’s Gordon lifts stake in Ten

Original article by Darren Davidson
The Australian – Page: 21 : 31-Aug-16

Bruce Gordon has raised his stake in Network Ten to 14.96 per cent, from 14.56 per cent. The transaction, involving ordinary shares and a derivative contract in Deutsche Bank, was executed via Gordon’s private investment vehicle Birketu. The billionaire believes that Ten shares are undervalued.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, WIN CORPORATION PTY LTD, BIRKETU PTY LTD, DEUTSCHE BANK AG, PRIME MEDIA GROUP LIMITED – ASX PRT, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, NETFLIX INCORPORATED, WIN TELEVISION PTY LTD

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