Nine Entertainment has left the door open to sweeping up minority stakes in Macquarie Media and Domain after its merger with Fairfax Media is complete.
The combined Nine-Fairfax will have a robust balance sheet, with strong cashflows and low levels of debt, and could explore a number of strategic options.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
