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TPG Capital makes offer to buy part of Fairfax Media: reports

Published Sun, May 7, 2017 · 09:50 PM
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Sydney

US private equity giant TPG Capital has made an offer to buy part of Fairfax Media, reports said on Sunday, after a tumultuous week for the Australian media empire with its staff striking against job cuts.

The Australian Financial Review, a Fairfax publication, said TPG had offered the group a deal that would see it take over the newspapers as well as its lucrative Domain Group focused on property advertising.

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