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Fairfax mulling a partial take over bid by foreign raider TPG
Foreign private equity firm TPG has made a 2.2 billion dollar bid to takeover and split Fairfax Media. The offer comes less than a week after Fairfax management announced it would sack 125 journalists, to save the company 30 million dollars.
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By [email protected] (ABC News)Foreign private equity firm TPG has made a 2.2 billion dollar bid to takeover and split Fairfax Media. The offer comes less than a week after Fairfax management announced it would sack 125 journalists, to save the company 30 million dollars.