Investor Netus Announces Management Buyout of News Ltd’s 50%

25th May 2012. Australian technology investor netus has announced that management has bought their joint venture partner, NEWS Ltd out of their 50% netus shareholding. Whilst the amount has not been disclosed, newspaper reports estimate it to be A$22.5m. Moving forwards, netus will be wholly owned by the management team. In March Daniel Petre, then […]

Wotif Offers A$55m For travel.com.au

15th October 2007. Wotif.com today revised its takeover offer for travel.com.au, giving the company’s shareholders either 55 cents in cash for each share or between 0.0982 and 0.1146 Wotif.com shares per travel.com.au share, if a minimum acceptance of 75.1 per cent from TVL shareholders is reached. “This scenario values TVL at approximately A$55 million (US$49.57 million),” […]