Even though the offer is a serious play, Nine probably doesn’t want to sell Domain
by Jonathan Barrett Business editor from World news | The Guardian on (#6VGG5)
US property conglomerate CoStar offered $4.20 a share, valuing the Domain business at $2.7bn - but sometimes silence speaks louder than words
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When Nine's acting chief executive, Matt Stanton, presented the company's financial results to analysts on Tuesday, he made it clear he didn't want to speak about the very thing they wanted to.
The broadcaster and publisher delivered its half-year results just days after US property conglomerate CoStar made an unsolicited approach to buy Domain, the real estate portal that Nine controls through a 60% stake.
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