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No Decision On Packer TVN Bid

Tuesday, 4th April 2006

TV Wars Update 2: Meanwhile TVN's shareholders (the Sydney & Victorian raceclubs) "met in Melbourne last night to discuss the only deal that is formally on the table: James Packer's Publishing & Broadcasting Ltd's $25 million bid for a 25% stake," reported The Sydney Morning Herald. "No decision was made at the meeting, but the racing clubs agreed to meet again in about a week."

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