( August 28, 2017, 03:18 GMT | Official Statement) -- MLex Summary: NYSE-listed CBS Corp. has entered into a binding agreement to take over embattled Australian media broadcasting company Ten Network Holdings, subject to approval from Australia's Foreign Investment Review Board. The development comes after a proposed joint bid by Australian broadcasting moguls Lachlan Murdoch and Bruce Gordon, hinged on the relaxation of Australian media ownership restrictions, was cleared by the competition regulator. Financial terms of the deal were not disclosed, but media reports state that CBS, one of Ten's largest creditors, made a A$795.5 million claim after the company's collapse.The company's full statement is attached. ...
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