Fairfax Media at 59% Discount Seen Ripe for Buyout Bid

Fairfax Media at 59% Discount Seen Ripe for Buyout Bid

Brendon Thorne/Bloomberg

The Sydney-based publisher, which controls New Zealand online auction site Trade Me Ltd., as well as four of Australia’s 10 biggest papers and the country’s top dating site, may now be cheap enough to attract leveraged buyout firms, Platypus Asset Management Pty and Tribeca Investment Partners Pty. said.