Kerry Packer's Publishing and Broadcasting Limited (PBL) has snapped up a quarter share in jobs Web site Seek.com.au, just days after its NineMSN joint venture shut down rival site monster.com.au.
Former executives of the now defunct One.Tel could face compensation claims amounting to AU$50 million following accusations that they withheld crucial financial information prior to the telco's demise.
The administrators of One.Tel have said that the high-profile directors of the failed Australian telco may have adequate defence to any insolvent trading claims.
The UK operations of struggling telco One.Tel could be set to break away from its parent company in Australia.
It will be an anxious weekend for 1400 One.Tel staff - among the last to hear of the telco's financial woes.
One.Tel shareholders James Packer and Lachlan Murdoch, two of Australia's wealthiest men, are angry at being misled about One.Tel's cash position in the wake of an administrator being appointed to the ailing telco. ASIC has now launched an investigation.
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