Real estate entrepreneur Antony Catalano has struck a deal with WIN Corp billionaire Bruce Gordon to boost his stake in Prime Media, in a move that may resolve a stand-off over the regional television group.
In a statement lodged with the ASX on Tuesday morning, Prime Media confirmed that Mr Catalano and his business partner, Melbourne rich lister Alex Waislitz, had bought about 20 million shares in the company, boosting their exposure from 14.57 per cent to 19.99 per cent.