Private-equity firms including Carlyle Group LP, Pantheon Ventures LLP and Victoria Capital Partners LP are opening offices in Colombia and Peru to find deals as economic growth there outpaces Brazil’s.
Southern Cross Media Group Ltd., Australia’s largest listed rural broadcaster, rose to a 22-month high in Sydney trading after The Australian reported its board met about a potential merger with Nine Entertainment Co.
Southern Cross Media Group Ltd., owner of the Sydney radio station that made a hoax call to a London hospital about the Duchess of Cambridge, said fallout from the incident has cost it A$3.6 million ($3.7 million).
Seven West Media Ltd. and Nine Entertainment Co., Australia’s two largest free-to-air broadcasters, may be allowed to take over smaller networks if a government committee approves potential changes to media rules.
The Australian radio station that made a hoax call to a London hospital about the Duchess of Cambridge said it’s canceling the show and will cooperate with authorities after a nurse who answered the phone was found dead.
Prime Minister David Cameron gave a guarantee that elderly people in residences run by Southern Cross Healthcare Plc won’t lose their care as Britain’s biggest operator of such homes struggles to reverse losses.