West Australian Newspapers Pays $4.1B for Seven Media

West Australian Newspapers will buy Seven Media Group in a deal worth $4.1 billion, Reuters reported. Seven Media is owned by private equity firm Kohlberg Kravis Roberts and Kerry Stokes' Seven Group, Reuters said. West Australian Newspapers will raise roughly $650 million to help fund the deal. JPMorgan and UBS are advising on the deal.

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