Discovery walks from Ten bid

By Dominic White
Updated March 23 2015 - 7:08am, first published 12:30am
<i>Masterchef Australia</i> is one of the popular offerings on Ten's menu.
<i>Masterchef Australia</i> is one of the popular offerings on Ten's menu.

American cable giant Discovery Communications has walked away from its offer to buy the main assets of Ten Network Holdings with Foxtel after rejecting the Ten board's alternative offer that it take only a 15 per cent stake and a board seat at the embattled broadcaster.

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