TPG's $1.6b play for Australia publisher Fairfax Media doesn't stop the press

TPG's $1.6b play for Australia publisher Fairfax Media doesn't stop the press

David Bonderman, Co-Founder of TPG Capital. Photographer: Andrew Harrer/Bloomberg

U.S. buyout firm TPG Capital Management led a A$2.2 billion ($1.6 billion) approach for most of struggling Australian newspaper publisher Fairfax Media Ltd, a move Fairfax shareholders quickly rebuffed as too low.

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