Nine Entertainment’s bankers canvassed major private equity firms to gauge their interest in the company’s controlling stake in Domain, the ASX-listed property sales platform which is valued at more than $2 billion.
Nine owns 60 per cent of Domain, which listed in 2017. Nine’s position in the major residential and commercial property listing platform makes up around 38 per cent of the media group’s $3.2 billion valuation.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
