Billionaire Mike Cannon-Brookes in $8 billion bid for AGL - and shutdown of coal power

Tech billionaire Mike Cannon-Brookes and Canadian fund manager Brookfield have launched an audacious for for energy giant AGL. 

A condition of the $8 billion proposal is that AGL accelerates its closure of coal-fired generators by 2030. 

ABC's Peter Ryan says the AGL is likely to reject the initial bid, sparking a bidding war among other potential suitors.