ASX Announcements
Today
US pension giants line up against Hamish McLennan
California’s public sector pension funds make a point of objecting to the re-election of the REA chairman.
- 1 hr ago
- Mark Di Stefano
This Month
The media storm behind the NRL’s next billion-dollar play
Peter V’landys and his chief executive Andrew Abdo want a mammoth broadcast deal to shore up the code’s future. Will they bring an NFL-style model to Australia?
- Zoe Samios and Sam Buckingham-Jones
News Corp chief says higher Rightmove bid would have been ‘foolhardy’
The Murdoch family-controlled giant owns 61 per cent of REA, which had lobbed a $12 billion takeover bid for its British rival. But the offer was rebuffed.
- Hans van Leeuwen
September
- Updated
- Media & marketing
Britain’s Rightmove to ‘carefully consider’ REA’s $12b takeover bid
News Corp’s real estate platform increased its offer to almost $12 billion after its first two bids were swiftly rejected by the UK’s biggest property portal.
- Updated
- Sam Buckingham-Jones
Inside the Murdochs’ secret succession battle
This week on The Fin podcast, Neil Chenoweth and Sam Buckingham Jones discuss what Rupert Murdoch is trying to do to make sure Lachlan has total control.
Army of lawyers flanks Murdoch family as court battle gets underway
Rupert Murdoch is trying to ensure his eldest son, Lachlan, remains in charge. Some 40 lawyers are listed for the hearings in Reno.
- Updated
- Scott Sonner and Alex Veiga
- Opinion
- Chanticleer
REA’s $11b takeover fight is another headache for Murdoch
As the battle over the media mogul’s family trust heats up, a key driver of the empire’s financial success is trying to start a new era of growth with a big deal.
- Updated
- James Thomson
Trump meets Harris; RBA’s jobs boom warning; Pub buyer probed
Read everything that’s happened in the news so far today.
The three headaches of Rupert Murdoch in his battle for control
A bombshell lawsuit between Rupert, Lachlan and his other children begins in Reno, Nevada, next week. Meanwhile, shareholders want change and Foxtel’s for sale.
- Sam Buckingham-Jones
Activist pushes for end of Murdoch voting control at News Corp
Rupert Murdoch’s transition of power to his children has allowed for “complicated family dynamics” to potentially impact News Corp, activist investor Starboard said.
- Updated
- Svea Herbst-Bayliss
Kim Williams breaks bread with Laura Tingle
The new chair of the ABC’s manoeuvres take him to Parliament House.
- Mark Di Stefano
US prepares to challenge Google’s online ad dominance
The trial is the latest salvo by federal regulators against Big Tech, testing a century-old law against companies that have reshaped the way people consume.
- David McCabe
A $1.2b refi at Foxtel may supersede News Corp’s sale attempts
Goldman Sachs is mailing out non-disclosure agreements to suitors, including a faction of opportunistic investors that aren’t afraid to tackle basket cases.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Murdoch family fights attempt to have legal battle televised
The Murdochs are fighting an attempt to televise their Succession-style legal battle in a row over the family’s right to privacy.
- James Warrington
‘She’s done’: Sharaz, Higgins ‘mocked’ Reynolds over sick leave
Brittany Higgins and her partner mocked Liberal Senator Linda Reynolds after she took sick leave from parliament, a Perth court has heard.
- Tom Rabe
REA board’s flimsy excuse for a European tour
The real estate giant took its board members to Europe last year, which included attending the Wallabies’ World Cup match against Georgia in Paris.
- Mark Di Stefano
REA eyes global transformation with $9b Rightmove purchase
The News Corp-backed real estate platform confirmed it was interested in buying the largest property portal in the United Kingdom. Investors are unconvinced.
- Sam Buckingham-Jones
This Australian fund stands to make a motza from REA’s UK interest
GCQ Funds Management, founded by former VGI Partners operator Doug Tynan, is a major investor in the News Corp-backed real estate platform’s target, Rightmove.
- Sarah Thompson, Kanika Sood and Emma Rapaport
REA mulls $8.5b bid; Vegan chain collapses; Shemara’s next big move
Read everything that’s happened in the news so far today.
News Corp’s REA Group weighs big M&A bet
REA shares were paused on Monday morning, after this column requested comment on the mooted deal over the weekend.
- Sarah Thompson, Kanika Sood and Emma Rapaport