Nine’s Macquarie Media takeover bid is guaranteed as it attains 90%

Nine guaranteed its possession of Macquarie Media over the weekend, landing the 90% stake it needed in the broadcaster to pave the way for it to compulsorily acquire the remaining shares, after launching a takeover bid for the asset in August. 

Investor Mike Carnegie pushed the media company over the line, accepting the takeover bid of $1.46 per share for his 3.6% stake in the broadcaster, pushing Nine to a 92.8% holding.

Nine can now continue its plans for Macquarie Media after securing over 90%