Murdoch fund takes full ownership of DMG Radio Australia
Illyria, a private investment vehicle run by Lachlan Murdoch, son of media tycoon Rupert Murdoch, has taken full ownership of DMG Radio Australia after acquiring the 50% it didn’t already own from UK-based media company Daily Mail and General Trust (DMGT).
According to a DMGT filing with the London Stock Exchange, Illyria will pay A$100 million ($100 million) in cash and a further sum equivalent to 50% of the final DMG Radio Australia dividend for the year...
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