Court challenge delays vote on CBS’ Australian TV station buyout

Court challenge delays vote on CBS’ Australian TV station buyout

CBS Corp’s (CBS.N) buyout of struggling Australian broadcaster Ten Network Holdings Ltd (TEN.AX) will be delayed at least a week, after a court on Thursday said it would pause the deal to hear a challenge by a rival bidder.

https://www.reuters.com/article/us-ten-network-m-a-cbs-corp/court-challenge-delays-vote-on-cbs-australian-tv-station-buyout-idUSKCN1BI08G?feedType=nl&feedName=innovationNews&utm_source=Sailthru&utm_medium=email&utm_campaign=US%20Deals%20Today%202017-09-07&utm_term=US%20Deals%20Today