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Tabcorp Joins Race For TVN

Tuesday, 11th April 2006

Bourse Sauce 1: Tabcorp "is attempting to head off James Packer's plan to get into bed with the thoroughbred racing industry by matching Publishing & Broadcasting Ltd's $25 million offer for a quarter stake in race broadcaster ThoroughVisioN," revealed The Sydney Morning Herald. The race clubs "received the Tabcorp offer at the end of last month in a letter from chief executive Matthew Slatter" & the proposal "was then discussed at a meeting between Tabcorp, TVN & the race clubs early last week". TVN (which is owned by the Victorian & Sydney race clubs) "is expected to accept only 1 new stakeholder".

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