CBS Corp (CBS)
20 Sep 2017
Tue, Sep 19 2017
SYDNEY Creditors of Australia's embattled Ten Network Holdings Ltd on Tuesday agreed to a A$209.7 million ($167 million) buyout from CBS Corp , effectively ending a battle for control between the U.S. broadcasting giant and Lachlan Murdoch. | Video
* Rival bidders set to appeal earlier court loss - Sky News (Recasts with result of creditors meeting)
SYDNEY Creditors of Australian broadcaster Ten Network Holdings Ltd voted in favor of a takeover bid from CBS Corp on Tuesday, a spokesman for Ten's administrator said.
SYDNEY, Sept 19 Creditors of Australian broadcaster Ten Network Holdings Ltd voted in favour of a takeover bid from CBS Corp on Tuesday, a spokesman for Ten's administrator said.
SYDNEY Two Australian media moguls have lost a court challenge to CBS Corp's planned buyout of bankrupt television broadcaster Ten Network Holdings Ltd , giving the U.S. media giant a strong upper hand ahead of a creditor vote on Tuesday.
* Murdoch, Gordon on back foot despite sweetened offer (Recasts with CBS position ahead of creditor vote)
SYDNEY, Sept 18 An Australian judge dismissed a challenge by a group involving Rupert Murdoch's Twenty-First Century Fox on Monday against an agreed takeover by CBS Corp of struggling television broadcaster Ten Network Holdings Ltd. (Reporting by Tom Westbrook; Editing by Paul Tait)
BRIEF-Kordamentha Restructuring receives revised proposal from Birketu & Illyria to recapitalise Ten
* Received DOCA proposal from Birketu and Illyria to recapitalise Ten Network
SYDNEY Media scion Lachlan Murdoch made a revised offer for Ten Network Holdings Ltd on Friday, a day after Australia's senate voted to lift a ban on the ownership of multiple types of media assets, allowing him to challenge U.S. suitor CBS Corp .
* CBS previously agreed to buy Ten for at least A$201 mln in cash (Recasts on media law changes, adds academic quote)
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