Former MGM chairman mulls buying Australia's Nine Entertainmenmt

Submitted by ITV Production on May 28, 2012
indiantelevision.com Team

MUMBAI: Former MGM chairman Harry Sloan is in talks with Nine Entertainment Co?s owners in an attempt to take control of the debt-ridden company.

As part of this move, Solan has approached private equity firm CVC Capital Partners to buy a controlling stake in its asset Nine Entertainment.

Nine owns television stations, the ACP Magazines stable, ticketing agency Ticketek and online assets.

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Harry Sloan