O'Brien increases INM stake to more than 20%

Denis O' Brien has increased his stake in Independent News and Media to just more than 20%, it has been revealed.

Mon, 10 Mar, 2008 - 11:22
1

Denis O' Brien has increased his stake in Independent News and Media to just more than 20%, it has been revealed.

The move means the billionaire businessman can now block any compulsory rival bid for the company, whose interests include Independent newspapers.

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<p>BreakingNews.ie will not disappear entirely in the short term. It will remain in place and will redirect readers to relevant Irish Times Group publications.</p>

Irish Times Group to wind down BreakingNews.ie 

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