The $4.2bn deal will create one of Australia’s largest integrated media players
Fairfax Media tapped King & Wood Mallesons (KWM) to advice on its planned blockbuster merger with Nine Entertainment.
Both media giants have inked a scheme implementation agreement, which paves the way for Nine to become one of Australia’s largest integrated media players. The $4.2bn deal will include Nine’s free-to-air television network, a portfolio of digital businesses (Domain, Stan and 9Now), and Fairfax’s mastheads and radio interests through Macquarie Media.
Nine shareholders will own 51.1% of the combined company, with Fairfax shareholders retaining the remaining 48.9%.
Partners Tim Bednall (M&A) and Sharon Henrick (competition) lead the KWM team. They are supported by partner David Friedlander and senior associates Anthony Boogert and Christopher Kok.
“The proposed transaction illustrated our cross-practice expertise, and we are delighted to have the opportunity to work with Fairfax on this landmark transaction,” Bednall said.