Acquirer(s)
- Foxtel Management Pty Ltd
Target(s)
- Ten Network Holdings Ltd
Summary
Foxtel proposed to acquire up to 15% of Ten while Ten proposed to acquire a 24.99% stake in Multi Channel Network (MCN, a supplier of advertising opportunities on subscription television channels). Ten also had an option to acquire 10% of Presto TV, a joint venture between Foxtel and Seven West Media.Market definition
Please refer to the Public Competition Assessment.Competition analysis
Please refer to the Public Competition Assessment.Statement of issues
| Document title | Date | |
|---|---|---|
| Statement of Issues | ||
| Statement of Issues |
Public competition assessment
| Document title | Date | |
|---|---|---|
| Public Competition Assessment | ||
| Public Competition Assessment |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Process Guidelines. |
|
Closing date for submissions from interested parties. ACCC assessing information provided during market inquiries and consulting with merger parties on any relevant issues or concerns arising. |
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Former proposed decision date of 10 September 2015 delayed by ACCC to allow additional time to consider the proposed acquisitions. |
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ACCC published a Statement of Issues outlining preliminary competition concerns. |
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Closing date for submissions relating to Statement of Issues. |
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ACCC announced it would not oppose the proposed acquisition. |