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3Novices:Fairfax Media receives improved private equity offer of A$2.7 billion for whole business

Fairfax Media has confirmed it has received a revised offer from a private equity firm to buy the whole company.
Publishers of The Sydney Morning Herald and The Age will now consider the new A$2.7 billion (US$2 billion) from TPG Capital and Ontario Teachers’ Pension Plan consortium to buy the company as a whole, Fairfax newspapers have reported.
Last week the media company told the ASX the US-based firm was offering 95 cents a share for the assets, which have been valued at about A$2.5…
May 15, 2017 at 11:46AM http://ift.tt/2qiTHvW
#3Novices #News #OnlineMedia #China 3Novices China

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