August 11, 2019 / 10:36 PM / 4 months ago

Australia's Nine Entertainment offers to buy Macquarie Media

Aug 12 (Reuters) - Australian broadcaster Nine Entertainment Co Holdings Ltd said on Monday it has offered to buy Macquarie Media Ltd for an enterprise value of A$275.4 million ($186.80 million).

The broadcaster said it would buy Macquarie Media through its unit Fairfax Media Ltd in an all-cash offer valued at A$1.46 per Macquarie share. ($1 = 1.4743 Australian dollars) (Reporting by Rashmi Ashok in Bengaluru Editing by Bill Rigby)

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