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CBS Corp (CBSa.N)

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22 Sep 2017
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Tue, Sep 19 2017

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Creditors back CBS's bid for Australia's Ten Network

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

UPDATE 2-Creditors back CBS's bid for Australia's Ten Network

* Rival bidders set to appeal earlier court loss - Sky News (Recasts with result of creditors meeting)

Creditors of Australia's Ten Network vote in favor of CBS bid

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.

Creditors of Australia's Ten Network vote in favour of CBS bid

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.

Australian moguls lose court challenge to CBS' planned buyout of Ten Network

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.

UPDATE 3-Australian moguls lose court challenge to CBS' planned buyout of Ten Network

* Murdoch, Gordon on back foot despite sweetened offer (Recasts with CBS position ahead of creditor vote)

Australia judge dismisses 21st Century Fox challenge of CBS television buyout

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

Law reform sparks bidding war for Australia's 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 .

UPDATE 2-Law reform sparks bidding war for Australia's Ten Network

* 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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