{"id":2885,"date":"2008-02-14T08:03:41","date_gmt":"2008-02-14T06:03:41","guid":{"rendered":""},"modified":"2011-06-06T15:51:00","modified_gmt":"2011-06-06T13:51:00","slug":"media-firm-rejects-bid-for-assets","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/2885-media-firm-rejects-bid-for-assets.html","title":{"rendered":"Media firm rejects bid for assets"},"content":{"rendered":"<p>This was because the assets were &#8220;not for sale at this juncture&#8221;, as they formed part of the company&#8217;s restructuring process.<\/p>\n<p>Last year, Koni Media made a R7 billion offer to buy Avusa, whose operating assets include the Sowetan, Sunday Times, Nu Metro and 50 percent of Business Day and Summit TV.<\/p>\n<p>Last week it was reported that Koni returned with a R5 billion offer for the &#8220;outright purchase&#8221; of Avusa.<\/p>\n<p>Avusa is in a process of separating into two listed entities.<\/p>\n<p>Koni Media refused to comment yesterday.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avusa had rejected a revised offer from Koni Media Investments to acquire its media and entertainment assets, the firm formerly known as Johnnic Communications said yesterday.<\/p>\n","protected":false},"author":2617,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-2885","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/2885"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2617"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=2885"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/2885\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=2885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=2885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=2885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}