Consolidated Press Holdings Limited and Illyria Nominees Television Pty Limited - acquisition of shares in Ten Network Holdings Limited

Status: 
Completed
Outcome: 
No decision on 14 July 2011
Reference number: 
43835
Industry: 
Media
Commenced: 
18 November 2010
Total review days: 
99 days

Acquirer(s)

  • Illyria Nominees Television Pty Limited
  • Consolidated Press Holdings Limited

Target(s)

  • Ten Network Holdings Limited

Summary

Timeline

DateEvent
20/10/2010CPH (via Cavalane) acquired a 17.88% shareholding in Ten.
18/11/2010ACCC commenced a review under the Merger Review Process Guidelines.
23/11/2010Illyria purchased 50% of CPH's shareholding in Ten.
15/07/2011The ACCC announced that there was not sufficient information available at this time to establish a breach of section 50 of the Competition and Consumer Act 2010. The ACCC will continue to monitor future developments at Ten having regard to the competition provisions of the Act.