🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-ACCC releases statement of issues on proposed Foxtel, Ten Network acquisitions

Published 14/09/2015, 09:33 am
© Reuters.  BRIEF-ACCC releases statement of issues on proposed Foxtel, Ten Network acquisitions

Sept 14 (Reuters) - Australian Competition and Consumer Commission :

* ACCC releases soi on proposed Foxtel, Ch 10 acquisitions

* says is concerned that the proposed acquisitions have the potential to substantially lessen competition for supply of free-to-air television

services in Australia

* the proposed acquisitions may increase the likelihood of Ten and Foxtel entering into joint bids and other commercial arrangements for acquisition of sports rights

* statement of issues seeks more information on, and importantly reaction to, the competition issues that have arisen in the ACCC's review to date

* ACCC expects to announce its final decision on Thursday 22 October 2015

* Ten will also have an option to acquire 10% of Presto TV, a joint venture between Foxtel and the Seven Network

* is concerned that proposed acquisitions may reduce competition in sale of advertising

Source text for Eikon ID:nASX4Tlgh0

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.