Powered by
WIN won't push for creditors' vote on Murdoch's Ten bid
Sep 14, 2017 - Australian Financial Review

WIN Corporation has abandoned an attempt to have the bid for Network Ten by Lachlan Murdoch and Bruce Gordon put to the free-to-air broadcaster's creditors for a vote alongside the CBS proposal.

Andrew Bell SC, acting for WIN, had attempted to add an amendment to its court action against Ten's administrator to force KordaMentha to put the alternative proposal by Birketu and Illyria, the private investment vehicles of Mr Gordon and Mr Murdoch respectively, to creditors at next Tuesday's mee

Sign up for unrestricted access to 200+ subscription services.
Already have an account? Click here to login.

RelSci News & Alerts gets you:

  • 5 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
  • Competitive business intelligence through daily data updates
  • Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox