Brisbane Times
·general
·1 hour ago
The Rinehart-backed deal that’s created a smorgasbord for conspiracy theorists
Australian lawyer Bruce McWilliam borrowed from billionaire Gina Rinehart to buy a near-10 percent stake in Southern Cross Media on Wednesday, sparking conspiracy theories. McWilliam, formerly Seven West Media's commercial director, declined to explain Rinehart's involvement in the purchase. The deal fuels speculation he seeks a board seat at the merged media company controlled by fellow Perth billionaire Kerry Stokes.
Summary by Glance · Brisbane Times
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