Billionaire Gina Rinehart Buys Stake in Fairfax, Review Reports

Billionaire Gina Rinehart has spent at lest A$50 milion to buy a stake in Fairfax Media Ltd., the Australian Financial Review reported, without saying where it got the information.

Rinehart has bought at least 2 percent of Fairfax through stockbrockers including Morgan Stanley Smith Barney, the newspaper reported on its website.

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