Nine Entertainment Co. Holdings Limited (ASX:NEC) entered into an agreement to acquire QMS Media Pty Limited from Quadrant Private Equity Pty Limited for approximately AUD 850 million on January 30, 2026. In a related but separate transaction, Nine Entertainment Co. Holdings Limited will sell its broadcast radio assets. The transaction will be funded using existing debt facilities and cash reserves of Nine Entertainment Co. Holdings Limited.

The transaction is subject to satisfaction of customary conditions. The expected completion of the transaction is in the fourth quarter of FY 2026. The transaction is expected to be marginally EPS accretive. Rachael Bassil and Olivia Blakiston, Rachel Barclay, Katerina Kovalenko and Tejas Chaudhry of Gilbert and Tobin and Minter Ellison Rudd Watts acted as advisor to QMS Media Pty Limited.

Jefferies Pty Ltd acted as financial advisor for Nine Entertainment Co. Holdings Limited.

Nine Entertainment Co. Holdings Limited (ASX:NEC) completed the acquisition of QMS Media Pty Limited from Quadrant Private Equity Pty Limited on March 31, 2026.