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Australia's Consolidated Media share trade halted

Sun Apr 6, 2008 8:12pm EDT

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SYDNEY, April 7 (Reuters) - Shares in Australia's Consolidated Media Holdings Ltd (CMJ.AX) were placed on a trading halt on Monday pending an update on a possible takeover bid.

Lachlan Murdoch, son of media magnate Rupert, and gambling magnate James Packer launched a joint bid for Consolidated, which owns 25 percent of pay-TV provider Foxtel among other media assets, in January.

The deal, possibly worth A$3.3 billion ($3 billion), ran into difficulty in March when key backer SPO Partners & Co withdrew. (Reporting by Miranda Maxwell)



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