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Corporate News

Nine offers to buy rest of Macquarie Media

BENGALURU: Nine Entertainment has offered to buy the remaining stake in Macquarie Media in a deal which values the company at A$275.4mil (US$186.8mil), consolidating the broadcaster’s position in radio.

Business

Australia’s Domain steady in slipping property market

SYDNEY: Property classifieds website operator Domain Holdings Australia Ltd reported a rise in revenue in its first months as a standalone company, reassuring investors as the country’s red-hot real estate market comes off the boil.

Retail

Amazon allowed to undercut local businesses in Australia

SYDNEY: Competition laws will allow Amazon to undercut local businesses with loss-making prices when it opens for business in Australia, expected to be later in November, the Australian competition regulator said on Saturday.

Business

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News

Australia’s Fairfax Media back in the black

SYDNEY: Australian publishing giant Fairfax Media on Wednesday posted a return to profit following a cost-cutting drive, although advertising revenue for its major newspapers weakened further.

Business

Breakfast briefing: Monday, July 3 (Update)

Breakfast briefing: Monday, July 3

Business

TPG Capital aborts bid for Fairfax

MELBOURNE: TPG Capital has pulled out of the running to buy Fairfax Media Ltd, leaving US private equity firm Hellman & Friedman LLC as the potential sole bidder for the Sydney-based publisher.

Business

Mulpha goes under the spotlight

RECENT news allegations in Australia have put Mulpha International Bhd in the spotlight.

Business

Breakfast briefing: Wednesday, June 28 (Update)

Breakfast briefing: Wednesday, June 28

Business

Tycoon denies exploiting residents

PETALING JAYA: Mulpha International Bhd’s 22.6% associate in Australia, the Aveo Group which operates a retirement village, has come under fire but chairman Lee Seng Huang reckons it is a victim of sensationalised and biased reporting.