Fairfax takeover consortium raises bid to $2.7bn, driving share price to six year high

May 15, 2017 6:07

The venture capital-led consortium attempting to buy Fairfax Media has raised its bid for the company to more than $2.7bn.

And TPG Capital’s consortium is now offering to buy the whole company, rather then cherrypicking key assets, an update to the ASX has revealed.

The new bid came in over the weekend after it emerged that the board of Fairfax Media was set to reject the opening offer.

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Abigail Dawson

Abigail Dawson was Mumbrella's senior content journalist covering event content. She left Mumbrella to move into an agency role in 2020.

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1 COMMENTS

The Ghost of Limewire 15 May 17

Wow may the venture capitalists divide the carcass and leave the bones to slowly be picked clean. Seriously many annons called it earlier in the piece that the Scotch Fillet Domain will be sold off for a profit and the remained sold as Sauage filler…

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