Nine Entertainment Co. Holdings Limited ( (AU:NEC) ) has provided an update.
Nine Entertainment Co. Holdings Limited has announced its support for Domain Holdings Australia Limited’s decision to grant due diligence access to CoStar Group Inc. for a revised proposal to acquire Domain. The proposal includes an increased offer price of $4.43 per Domain share, potentially providing Nine with approximately $1.4 billion in cash proceeds, net of capital gains tax, if the deal is finalized.
More about Nine Entertainment Co. Holdings Limited
Nine Entertainment Co. Holdings Limited is a prominent player in the media industry, known for its diverse portfolio of television broadcasting, digital media, and publishing assets. The company primarily focuses on delivering entertainment and news content across various platforms, catering to a broad audience in Australia.
YTD Price Performance: 30.99%
Average Trading Volume: 5,304,657
Technical Sentiment Signal: Sell
Current Market Cap: A$2.53B
For a thorough assessment of NEC stock, go to TipRanks’ Stock Analysis page.