Private equity giant TPG Capital is looking at picking up the best bits of Fairfax Australia, according to a report from the Australian Financial Review.
TPG Capital is reportedly seeking to break up Fairfax in a deal which would see it acquire Domain - an online real estate business - along with major Australian mastheads The Sydney Morning Herald, The Age and the Australian Financial Review.
Domain and the mastheads are estimated to be worth about A$2.5 billion (NZ$2.68b).
Fairfax New Zealand's business is left behind, AFR stated, following the declined proposed merger between the media company and Herald owner NZME.
The proposed merger was rejected in a final ruling by the Commerce Commission on Wednesday after being knocked back in a draft decision last year.
