MELBOURNE, March 19 (Reuters) - Potential bidders have expressed interest in Australian Associated Press, the domestic news agency that announced earlier this month it would shut its doors in June, AAP Chief Executive Bruce Davidson said on Thursday.
"We've had approaches from a number of interested parties. There have been no bids made. We're just entering discussions," Davidson told Reuters.
He declined to say how many parties had expressed interest, but said he believed they were all Australian.
AAP, advised by TMT Partners, will on Friday seek responses from the interested parties within 14 to 21 days, he said.
AAP's board and shareholders, led by Nine Entertainment Co (NEC) and the Australian arm of News Corp NWSA.O , have said any approaches should be taken seriously.
Staff were told earlier in the day about the approaches but were told to be "very cautious" about the talks.
"It's by no means guaranteed. It may come to nothing," Davidson said.
The 85-year-old wire service, which has provided firsthand reports and breaking news covering politics, courts, business and sports, said on March 3 it would close its news production and sub-editing businesses from June after losing its battle to compete with free online publishers.
About 180 jobs are at stake, however Nine and News Corp have said they would take some AAP staff.
- Forums
- ASX - By Stock
- NEC
- News: NEC Bidders express interest in Australian news agency AAP
NEC
nine entertainment co. holdings limited
Add to My Watchlist
0.59%
!
$1.70

News: NEC Bidders express interest in Australian news agency AAP
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$1.70 |
Change
0.010(0.59%) |
Mkt cap ! $2.695B |
Open | High | Low | Value | Volume |
$1.69 | $1.71 | $1.67 | $22.50M | 13.31M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 62623 | $1.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 57345 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 62623 | 1.690 |
1 | 24655 | 1.685 |
4 | 20940 | 1.680 |
1 | 586 | 1.675 |
16 | 107160 | 1.670 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 57345 | 2 |
1.710 | 66753 | 6 |
1.715 | 13511 | 2 |
1.720 | 20482 | 3 |
1.730 | 1000 | 1 |
Last trade - 16.14pm 10/09/2025 (20 minute delay) ? |
Featured News
NEC (ASX) Chart |
The Watchlist
EVR
EV RESOURCES LTD
Shane Menere, Non-Executive Chairman
Shane Menere
Non-Executive Chairman
SPONSORED BY The Market Online