Thorney Opportunities Ltd. (AU:TOP) has released an update.
Thorney Opportunities Ltd (TOP), an ASX-listed investment company, has notified shareholders of a potential transaction where Southern Cross Media Group aims to acquire the print and digital media assets of Australian Community Media (ACM) in return for equity. TOP holds a 25% interest in the company that owns ACM, and the deal could create Australia’s largest regional multimedia company, enhancing marketing capabilities and digital growth. The transaction is still in the early stages with due diligence pending, but it signals an active market for mergers and acquisitions in the media sector.
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