ASX Shares Private Equity Bid for Domain.com.au (DHG)

Discussion in 'Shares & Funds' started by Scott No Mates, 8th May, 2017.

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  1. Scott No Mates

    Scott No Mates Well-Known Member

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    Fairfax has been in the media alot in the last week with its journos being on strike over mass redundancies.

    The latest in the saga is that private equity firm TPG (not the telco) has put forward a bid worth $2.2b.

    You may recall that about a while ago, agents were gifted a shareholding in Domain based on the amount of business they directed that way.

    It will be interesting to see how this plays out.
     
    Scott No Mates, 8th May, 2017
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    Domain is non existent in most states though
     
    D.T., 8th May, 2017
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  3. Simon Hampel

    Simon Hampel Founder Staff Member

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    That will indeed be interesting.

    With Fairfax under pressure from diminishing revenue across their traditional businesses - it would seem like a simple solution to inject some much needed cash into their bottom line to sell of assets like this.

    However, presumably their Domain brand has been doing quite well financially even while other parts of the business have been struggling - if they were to sell one of their key assets, all that may serve to do it to further hurt their profitability.

    I don't know enough about their businesses to know how accurate my assumptions are.
     
    Simon Hampel, 8th May, 2017
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