Lachlan Murdoch buyout of Oz media firm back on track
Posted
by
Paul McNally
on 5 April 2008
at 15:47
Tags: Journalism
Rupert Murdoch’s eldest son, Lachlan, looks to have found another backer for his £1.5bn buyout of Consolidated Media Holdings in Australia.
Murdoch’s attempt to buy out the firm – in partnership with Kerry Packer – was first revealed in January, but the funding fell through.
The FT says Murdoch is now close to securing a deal with private equity house Providence to finance the takeover.
Tags: Journalism
