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Murdoch Son Scraps Australia Media Firm Buyout Plan

SYDNEY (Reuters) - Australia’s Consolidated Media Holdings
Ltd <CMJ.AX> said a proposed A$3.3 billion ($3.1 billion)
buyout offer from Lachlan Murdoch, son of media magnate Rupert,
and Australian gaming tycoon James Packer, would not proceed
because they failed to agree on terms.

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