James Packer buys up $US80m stake in Ten owner, Paramount Global
James Packer has built a $US80 million ($123.4 million) stake in Paramount Global, the American media and entertainment conglomerate that owns Network Ten, signalling a broadening of the billionaire’s media interests.
Mr Packer returned to the world of media earlier this year after several years’ absence when he emerged as a key multimillion-dollar investor in embattled broadcaster Alan Jones’ Australian Digital Holdings.
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