Nine will hit the threshold it needs to take over Macquarie Media, with venture capitalist Mark Carnegie set to agree to sell his stake in the radio broadcaster.
Sources told The Australian Financial Review that Mr Carnegie will accept Nine's $1.46 per share offer as early as Friday for his 3.6 per cent stake in Macquarie. He will pocket about $9 million from the transaction.
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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
