The Business Times

Australia's Fairfax Media dives to 4-month low after PE suitor walks away

Published Mon, Jul 3, 2017 · 02:59 AM
Share this article.

[SYDNEY] Australia's oldest newspaper publisher says it ceased talks with two US private equity suitors, after neither lodged a binding offer for the group Fairfax adds it will proceed with its earlier plans to divest its property classifieds division, Domain Group, by the end of 2017.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here