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Lachlan Murdoch
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International News: Illyria pays around $96 million in radio deal -- Lachlan Murdoch has finally made his big media purchase Down Under -- albeit not the one the pundits were expecting -- taking a 50% stake in the DMG radio network.
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Lachlan Murdoch, the elder son of News Corp. CEO Rupert Murdoch, reported selling roughly $28 million in company stock, as his investment firm plans to purchase a stake in an Australian radio broadcaster.
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From wsjonline.com
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Lachlan Murdoch's Illyria group has bought 50% of DMG Radio Australia, the owner of Nova and Vega FM, for $110 million, in a deal that will see him become the chairman of the entire operation.
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From crikey.com.au
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Lachlan Murdoch's private investment company, Illyria, will acquire 50 per cent of DMG Radio Australia after what he describes as an exhaustive search for the right transaction.
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From news.smh.com.au
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LONDON - Daily Mail & General Trust, publisher of the Daily Mail, has sold a 50% stake in its Australian radio operations, DMG Radio Australia, to Lachlan Murdoch, eldest son of media baron Rupert Murdoch.
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From brandrepublic.com
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