MELBOURNE, Oct 10 (Reuters) - Funds run by Goldman Sachs
have agreed to a debt-for-equity plan by Australia's NineEntertainment, a spokesman for Goldman Sachs Mezzanine Partnerssaid on Wednesday, as Nine scrambles to avoid going intoreceivership.
The deal would give the Goldman Sachs funds a 7.5 percentequity stake in Nine.
Hedge funds and other lenders have yet to decide whetherthey agree to the proposal put by Nine management under a dealthat would wipe out private equity owner CVC's A$1.8billion ($1.84 billion) equity investment in the company.($1 = 0.9801 Australian dollars)
(Reporting by Miranda Maxwell and Victoria Thieberger; Editingby Richard Pullin)
Keywords: AUSTRALIA NINE/GOLDMAN