ACCC will review the proposed takeover of Fairfax Media by Nine Entertainment
Fri Aug 03 2018The ACCC is preparing to begin a public review of the $4.2 billion takeover, see Nine Entertainment Co Holdings Limited (Nine) - proposed merger with Fairfax Media Limited (Fairfax) on the ACCC website which states that the it will have a provisional timeline of approximately 12 weeks, and involve consultation with industry stakeholders. Also see Competition regulator to assess Nine's proposed takeover of Fairfax for impact on media diversity by ABC senior business correspondent Peter Ryan which notes that the review will begin once the regulator receives submissions and further relevant information from both parties.