Media M&A frenzy continues with Southern Cross interest

Media M&A frenzy continues with Southern Cross interest
Southern Cross Media Group was credited with an interest in buying MediaWorks. (Image: NZME)
Daniel Dunkley
Southern Cross Media Group, an Australian business credited with an interest in buying MediaWorks, is at the centre of fresh takeover interest across the Tasman.Speculation surrounding the radio and TV broadcaster has recently grown after a mystery buyer snapped up a 4.47% stake, with major shareholder Allan Gray offloading a sizable holding on Wednesday.Investment bank Jarden Group has been appointed to buy up shares on behalf of the mystery buyer, The Australian reported.The new stakeholder emerges as two parties, ARN Media – backed by...

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