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Murdoch Set to Complete Purchase of Ten Stake, Review Reports

Nov. 17 (Bloomberg) -- Lachlan Murdoch is expected to complete the purchase of a stake in Ten Network Holdings Ltd. from James Packer in about a week, the Australian Financial Review reported, citing industry sources. Murdoch has secured financing for the purchase, which will cost at least A$130 million, with the deal to be completed at least two weeks before he joins the company board, the newspaper said.

Link to Company News:{TEN AU <Equity> CN <GO>}

To contact the reporter on this story: Wendy Pugh in Melbourne at wpugh@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net

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