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.
