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News: CBS Corp agrees to buy Australia's Ten Network

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    28/08/17
    09:55
    Post #: 26797404

    SYDNEY, Aug 28 (Reuters) - CBS Corp , owner of the most-watched U.S. TV network, agreed to buy Australian free-to-air broadcaster Ten Network Holdings Ltd (TEN), the Australian broadcaster's administrators said on Monday.

    "The decision to enter an exclusive transaction deed with CBS followed a rigorous sales process," PPB Advisory and KordaMentha said in a joint statement.

    Ten called in administrators in June.

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