MELBOURNE: Rupert Murdoch's News Corp made a US$2bil takeover offer for Australia's Consolidated Media Holdings, boosting top shareholder and billionaire James Packer's war-chest as he abandons media in favour of casinos.
Packer, who has built stakes in casinos in Australia, London, Macau and Las Vegas, indicated he would accept the offer in the absence of a higher bid for the pay-TV stakeholder, in which he holds 50.1%.
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