Oaktree lifts holding in Mediaworks, buys out bankers stakes

Wed, 29 Apr 2015

By Suze Metherell April 29 (BusinessDesk) - US hedge fund Oaktree Capital has lifted its stake in Mediaworks Investments, the free-to-air broadcaster of the TV3 network, to own more than three-quarters of the company after taking up two banks' stakes in a development that should assist plans for its eventual sale. Los Angeles-based Oaktree, which manages more than US$99.9 billion in assets, lifted its stake, via investment vehicle Tokyo Opportunities B.V., to about 78 percent, after it bought Westpac New Zealand's 22 percent stake and th...

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