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Mitchell Puts Packer 25% Offer To TVN

Tuesday, 28th March 2006

Meanwhile under the headline "Packer Moves In On Racing", The Sydney Morning Herald summed up the latest development in the James Packer-PBL potential investment in racing broadcaster ThoroughVisioN as: "TVN chairman Harold Mitchell (an associate of the Packers) decided at a board meeting on Sunday afternoon to put a proposal offering more than $25 million for a quarter-stake before shareholders (the racing clubs in Sydney & Victoria) later this week".

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