Australia competition regulator to review News Corp offer for Consolidated
SYDNEY, June 20 |
SYDNEY, June 20 (Reuters) - Australia's competition regulator on Wednesday said it has begun a review of News Corp's $2 billion takeover offer for Australia's Consolidated Media Holdings in a deal that would double its stake in the country's dominant pay-TV to 50 percent.
The Australian Competition and Consumer regulator sought submissions from interested parties over the deal and said it expected to reveal its decision on Aug. 2.
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