Australian antitrust regulator has no qualms with News bid for Consolidated Media

Thu, 02 Aug 2012

By Paul McBeth Aug. 2 (BusinessDesk) - The Australian Competition and Consumer Commission won't oppose News Corp’s A$1.97 billion takeover bid for rival Consolidated Media Holdings which would give the Rupert Murdoch-controlled media group control of Australia's biggest pay-television business Foxtel. The Australian antitrust regulator decided News Corp acquiring ConsMedia, which is controlled by billionaire James Packer, won't lead to a substantial lessening of competition, as the pay-TV operator doesn't have other broadcast interests acros...

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