The 3rd largest investor of THE Ten Network's, Win TV owner Bruce Gordon, has increased his share in the broadcaster and that was exposed today, only 2 days after James Packer plunged on the station.
All through his private firm Birketu Pty Ltd, Mr. Gordon today published a declaration to the Australian Securities Exchange which illustrated that he has increased his 10 holdings 1 %, bringing his stakes to 13 %. He owned more than 5 million shares within 4 weeks time with the previous 600,000 purchased the day Mr. Packer detained 15 % of Ten Network stock.
However the Bermuda-based 81-year-old’s $17 million indulged on the Ten stock add up fuel to rumors that he is discontented with the status quo at Ten.
News this week has also suggested that Mr. Gordon wishes to be division of Mr. Packer’s a lot predictable, although quiet mysterious, strategy for the broadcaster. Ten’s shares had increased much more than 11 % in the 2 days time ever since Mr. Packer’s $250 million-plus share raid on Ten was exposed.
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