Gordon snaps up Seven stake in Prime

Original article by Darren Davidson
The Australian – Page: 19 & 30 : 29-Sep-17

Seven Group Holdings has sold 39 million shares in Prime Media Group to Birketu, the private investment vehicle of WIN Corporation owner Bruce Gordon. The $A15.6m transaction has assured Gordon of a key role in any media industry consolidation, given that he now has stakes of almost 15 per cent in Nine Entertainment Company and Prime, which is the regional affiliate of the Seven Network. Gordon had also been Ten Network’s largest shareholder prior to its collapse.

CORPORATES
PRIME MEDIA GROUP LIMITED – ASX PRT, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, BIRKETU PTY LTD, WIN CORPORATION PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, TEN NETWORK HOLDINGS LIMITED – ASX TEN, CBS CORPORATION, KORDA MENTHA AND COLLEAGUES PTY LTD, SUPREME COURT OF NEW SOUTH WALES, SEVEN WEST MEDIA LIMITED – ASX SWM, COATES HIRE LIMITED, NEWS CORPORATION – ASX NWS

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