News Bulletin: No bid for Fairfax from TPG; BuzzFeed to float in 2018

By AdNews | 31 March 2017

TPG has no ‘imminent’ plans for Fairfax takeover bid

TPG has not built up a 4.9% stake in Fairfax Media and nor has it been in the market this week acquiring shares, according to a report in The Australian. It is understood that the global buyout fund has no “imminent” plans to launch a takeover bid for the newspaper publisher, despite mounting speculation. TPG is understood to have looked at the asset, with a particular interest in its real estate portal Domain. However, it is now understood that no shares in the company have been acquired by TPG.

Cannes Lions’ Health jury revealed

Cannes Lions has revealed the 21 jury members set to judge the Pharma Lions and the Health & Wellness Lions awards at this year’s Cannes Lions. Lions Health, the two-day specialist event focusing on creative excellence in healthcare communications, kicks off the 2017 Cannes Lions International Festival of Creativity. The judges include Australia’s Justine Metcalfe, creative partner at Yolo, and McCann Health ECD June Laffey, who is the jury president.

BuzzFeed to float in 2018

Buzzfeed is preparing for a stock market flotation next year, it’s reported. The youth-focused media company is “quietly making preparations” to go public, said Axios, a digital news publisher with several personal and financial links to Buzzfeed. BuzzFeed has been in the Australian market for three years, growing from a team of three to 32. It makes its money from native advertising, with a heavy emphasis on video. Read more about BuzzFeed's expansion here

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