Fairfax confirms, questions complexity of unsolicited A$2.5B break-up bid

Sun, 07 May 2017

By Pattrick Smellie May 8 (BusinessDesk) - Australasian news publisher Fairfax Media this morning confirmed to investors that a "non-binding indicative proposal" from US-based private equity firm TPG to buy its three most powerful Australian newspaper titles and the company's real estate website, Domain, but questioned whether the deal could be done. "The Fairfax board notes there is no certainty that the indicative proposal is capable of being implemented, given the complexity involved in splitting the businesses," a company statement to...

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