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The CBS takeover trumped a competing offer from billionaire Ten shareholders Lachlan Murdoch and Bruce Gordon

Court grants approval to Ten-CBS takeover

US media giant CBS's $41 million takeover of the Ten Network can proceed, with a court approving the transfer of all shares in the local network to the American company.

A hearing into the NSW Supreme Court concluded last Thursday, following days of delays due to three minor shareholders opposing the transfer - a deal that leaves them empty-handed.

Delivering his decision in the NSW Supreme Court on Friday, Justice Ashley Black said there was "no prejudice or unfair prejudice arising" from the transfer of Ten shares to CBS.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Revenue

th-Ten Network Holdings$713.8m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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