Court approves Ten sale to CBS as judge rejects dissident shareholders’ claims

The NSW Supreme Court has today rejected last ditch efforts to block the sale of the Ten Network to CBS.

In a ruling delivered the morning after Ten announced its 2018 line-up, Justice Black of the NSW Supreme Court found the proposed transfer of shares to CBS’s nominee, rather than interests associated with Bruce Gordon or Lachlan Murdoch, would not be unfairly prejudicial to the network’s former shareholders.

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