Brief: SKY Network Television Says It Is In Exclusive Negotiations With Mediaworks Shareholders
06/06/2022 22:05
June 7 (Reuters) - SKY Network Television Ltd SKT.NZ :
* IS CURRENTLY IN EXCLUSIVE NEGOTIATIONS WITH MEDIAWORKS
SHAREHOLDERS
* CURRENTLY IN NEGOTIATIONS REGARDING POTENTIAL ACQUISITION
OF
MEDIAWORKS' RADIO AND OUT OF HOME ADVERTISING BUSINESS
* IF AN ACQUISITION OF MEDIAWORKS PROCEEDS, IT WOULD NOT
REQUIRE
SKY TO RAISE NEW EQUITY
* ADVISES LIKELIHOOD OF TRANSACTION PROCEEDING STILL HIGHLY
UNCERTAIN WITH DISCUSSIONS & DUE DILIGENCE ONGOING & INCOMPLETE
Source text for Eikon: ID:nNZWGn9Dj
Further company coverage: SKT.NZ
((Reuters.Briefs@thomsonreuters.com;))
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