Business

Elizabeth Knight

Elizabeth Knight comments on companies, markets and the economy.

It is understood TPG has appointed corporate advisers Credit Suisse to work on a potential bid for Fairfax Media.

Timing delays for a tilt at Fairfax

TPG may now wait until after Fairfax completes the spin-off of digital real estate group, Domain which is scheduled to be completed before the end of the calendar year, before it makes any takeover move.

Fairfax chief executive Greg Hywood is pursuing a split of assets.

Why Fairfax is being stalked by private equity

It appears almost a fait accompli that Fairfax Media is now in play. How the giant private equity group TPG, which has reportedly acquired just under 5 per cent of the company's shares, runs the process or deals with the assets is yet unclear.