Fairfax Media denies stake in Nine Entertainment Co
Fairfax Media chief executive Greg Hywood has dismissed reports that the company has any interest in buying a stake in Nine Entertainment Co., or has appointed investment bank Credit Suisse to help it prepare a corporate raid.
A media report today has linked Fairfax to a purchase of 3.4 per cent of Nine's shares on Thursday evening, speculating it may be a first step to a possible tie-up between the two media companies or intended as a blocking stake to protect the publisher's investment in Stan, the video streaming service it owns with Nine.
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