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Packer Seeks Part Of TVN

Friday, 24th March 2006

Australian racing's split-vision TV saga "took an unexpected turn yesterday with James Packer reportedly expressing interest in buying into ThoroughVisioN," trumpeted The Daily Telegraph. The newspaper revealed Packer "formerly approached TVN with an offer that has the potential to turn the 10-month war between TVN & Tabcorp/Sky Channel on its head." While TVN "would not confirm the approach, it is believed Packer's offer comprises a multi-million deal in return for a stake in TVN", with Packer "keen to secure at least a minimum of 10% & he is prepared to pay upwards of $10 million for his stake".

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