Nine has pushed through the threshold it needs to mop up the outstanding shareholders and take over radio broadcaster Macquarie Media.
Nine announced on Monday it had increased its holding in Macquarie to 92.8 per cent. This came after venture capitalist Mark Carnegie agreed on Friday to sell his 3.6 per cent stake to Nine at its $1.46-per-share offer, as revealed by The Australian Financial Review.
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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
