Ten Network Holdings still does not know if James Packer is behind the $245 million raid on its shares.
Ten has confirmed that 15.6 per cent of the company's shares changed hands after the market closed on Tuesday, but it still has no formal advice as to who bought them.
Ten told the Australian Securities Exchange on Wednesday that 163,305,048 shares were bought at $1.50 on Tuesday evening, compared with Ten's last trading price of $1.41.
The trades totalled $245 million. In its statement, Ten said it "notes the media reports overnight indicating that interests associated with Mr James Packer have acquired an interest of approximately 15 per cent of the issued capital of TEN.
"Ten is also aware that a special crossing of 163,305,048 shares (representing approx 15.6 per cent of the issued capital of TEN) at $1.50 per share was booked through the exchange after close of trading last evening," the statement said.
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"Ten has yet to be formally advised as to the party that has acquired these shares."
If Mr Packer is confirmed as the buyer, it will mark his return to the media industry. Four years ago, he sold the bulk of his media interests in PBL Media and his empire is now focused on the gaming industry.
The Packer family made their fortune in the Australian media, most recently with ACP magazines and the Nine Network.
Mr Packer earlier this month tightened his grip on Consolidated Media Holdings Ltd, of which he is the deputy chairman, by lifting his stake to 49.67 per cent, from 47.92 per cent previously.
