The Canadian billionaire who is trying to overthrow the NZME board and install himself may have run into an obstacle.

The Takeovers Panel is investigating whether Jim Grenon has been working with others since March 4 in his takeover bid. If so, he'd be in breach of listing rules and may have to offload the 1.2 million shares traded after that date.

We really don't need creepy RW billionaires buying our news media.

https://www.stuff.co.nz/business/360639179/billionaires-nzme-board-takeover-may-have-breached-regulations

#NZ #Media #NZME