Nine closing in on Domain sale.
The online real estate marketplace majority owned by Nine Entertainment has received a sweetened “best and final offer” from heavyweight US suitor CoStar. .
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"A successful deal would also be a win for Nine shareholders, with the infusion of close to $1.7 billion into Nine’s balance sheet setting up the prospect of a juicy dividend.
The cash could also be reinvested into Nine’s growth areas, such as publishing and streaming service Stan, sources with knowledge of the company’s ongoing thinking, who are not authorised to speak publicly, said"
It`s get big or get out in the world of streaming.