Laundy Family Office entered into an agreement to acquire Broadcast Radio Assets of Nine Entertainment Co. Holdings Limited (ASX:NEC) for AUD 56 million on January 30, 2026. A cash consideration of AUD 56 million will be paid by Laundy Family Office. As part of consideration, AUD 56 million is paid towards Broadcast Radio Assets of Nine Entertainment Co. Holdings Limited. In a related but separate transaction, Nine Entertainment Co. Holdings Limited will acquire QMS Media Pty Limited. In combination, the transactions are expected to be marginally EPS accretive.
The expected completion of the transaction is prior to June 30 2026.
Jefferies Pty Ltd acted as financial advisor for Nine Entertainment Co. Holdings Limited.
Laundy Family Office completed the acquisition of Broadcast Radio Assets of Nine Entertainment Co. Holdings Limited (ASX:NEC) on April 30, 2026.
Nine Entertainment Co. Holdings Limited is an Australia-based media company. The Company is focused on providing brands spanning news, business and finance, lifestyle, entertainment and sport. The Company operates a multi-platform media network, engaging audiences across television, broadcast video on demand, digital and publishing, subscription video on demand and events. Its content includes news, sport and entertainment. The Company's segments include Streaming & Broadcast and Publishing. The Streaming & Broadcast segment includes free-to-air television activities, 9Now and the Stan subscription video on demand service. The Publishing segment includes Nine Digital (Nine.com.au and other digital activities) and Metropolitan Media (metropolitan news, sport, lifestyle and business media across various platforms). It also holds a digital outdoor media platform, with operations in Australia and New Zealand.
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