Street Talk
News Corp seeks to back a winner with Racenet buy
Updated
Publisher News Corporation is seeking to double down in Australian horse racing with the acquisition of online industry news provider Racenet.
Racenet was founded by Sydney-based Craig Tompson and Glenn Robbins about 20-years ago and offers independent Australian racing news to customers, as well as form guides, results and the like, and is littered advertisements from corporate bookmakers.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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