Dr Mumbo

Fairfax Media’s on-off-on takeover, as told by the AFR

Over at the Australian Financial Review, a lot can change in five days, as demonstrated by media reporter Max Mason…

On Wednesday morning, Mason’s byline was on an AFR story about TPG Capital being poised to bid for Fairfax Media “as early as this week”.

And by “this week”, they meant last week, but it certainly set the share price soaring.

Which apparently meant that by Friday morning’s edition, it was off…

But, everyone cheers up over the weekend. So this morning, in another story bylined to Max Mason, it’s back on again…

Dr Mumbo is reasonably confident we haven’t heard the last of this one.

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