Street Talk

Nine mulls what to do with Domain stake, again

Sarah Thompson, Kanika Sood and Emma Rapaport

Aug 29, 2024 – 5.00am

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Nine Entertainment has been a painfully dull client for its long-time banker, Jefferies’ Michael Stock. Since the Nine-Fairfax Media merger in 2018, it’s been quiet on the home front as far as corporate deal-doing goes – bar some chatter earlier this year that the Nine banker had canvassed major private equity firms to gauge their interest in the company’s controlling stake in Domain.

But Street Talk understands Stock has hit the phones again on behalf of his client, seeking to test their interest in its stake in the $1.8 billion ASX-listed residential and commercial property listing platform.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.