News Corp can move forward in its plans to increase its shares in free-to-air TV broadcaster Foxtel after the Australian Competition authority (ACCC) gave the proposed purchase the green light. Even though the move would give News Corp double its current holding, the ACCC explained that as News Corp already controls 25% of Foxtel as well as the right to appoint the CEO, changes in competition, if any, would be negligible.
Full content: SMH
Related content: The Criminalization of Serious Cartel Conduct in Australia (Manish Agarwal & David Round, University of South Australia)
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