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Nine Entertainment Co. Holdings Limited ( (AU:NEC) ) has provided an announcement.
Nine Entertainment Co. Holdings Limited has announced its support for Domain Holdings Australia Limited’s decision to enter into a Scheme Implementation Deed with CoStar Group, Inc. This transaction, which involves CoStar acquiring 100% of Domain’s issued capital, is expected to complete in the third quarter of 2025. Nine anticipates receiving approximately A$1.4 billion from the transaction, which will strengthen its financial position and allow for potential shareholder dividends. The deal positions Nine to explore further strategic investments and maintain its leadership in the media industry.
More about Nine Entertainment Co. Holdings Limited
Nine Entertainment Co. Holdings Limited is Australia’s largest locally owned media company, operating across streaming and broadcast television, radio, publishing, digital, and data sectors. The company focuses on delivering diverse media content and services to the Australian market.
Average Trading Volume: 8,098,430
Technical Sentiment Signal: Hold
Current Market Cap: A$2.34B
For an in-depth examination of NEC stock, go to TipRanks’ Stock Analysis page.