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Irish billionaire Tony O'Reilly's Independent News & Media may announce a deal to buy Australian media group APN News & Media early next year, the London Financial Times has said, citing a report by NCB Stockbrokers, the Irish company's broker.
Talks between INM and APN - which publishes the Herald - collapsed after a disagreement between INM and a group of buyout firms led by Providence Equity Partners about the terms of the proposed offer, the newspaper said.
- BLOOMBERG
