MARINER AND DESTRA MAY JOIN FORCES IN BEYOND INTERNATIONAL TAKEOVER
January 1st 2008 21:27
Two rival companies Mariner Financial and digital media group Destra, who have been in a bidding war to take control of TV and film production house Beyond International, may join forces, according to speculation in The Australian newspaper.
The Australian reported this morning that it understands the two parties held talks late in 2007 about initiating a bid involving a two-way carve-up of the company. Initial talks are believed to have foundered because Destra was looking to have a controlling interest of at least 50.1 percent, an outcome not satisfactory to Mariner, which also wanted to control the company.
Beyond became a more valued acquisition after news broke that it had sold shows like Mythbusters to major overseas media outlets like the US Discovery Channel.
- From MediaBlab
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