Australia's Nine Entertainment to buy Fairfax Media in $1.6b deal

Australia's Nine Entertainment to buy Fairfax Media in $1.6b deal

Photo by G. Crescoli on Unsplash

Two of Australia’s traditional media heavyweights said on Thursday they would join forces with Nine Entertainment Co Holdings Ltd agreeing to buy Fairfax Media Ltd for A$2.16 billion ($1.6 billion).

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