Original article by Darren Davidson
The Australian – Page: 19 : 8-Dec-17

Shares in News Corporation and Telstra rallied on 7 December after the Australian Competition & Consumer Commission signalled that the proposed merger between Foxtel and Fox Sports would not substantially reduce competition. The two companies jointly own Foxtel, while News Corp is the sole owner of Fox Sports. Telstra’s stake in Foxtel will be reduced to 35 per cent if the merger proceeds. ACCC chairman Rod Sims says the regulator took into account the fact that Foxtel’s digital products will be available to Telstra’s rivals.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, 21ST CENTURY FOX INCORPORATED, NETFLIX INCORPORATED, FACEBOOK INCORPORATED, GOOGLE INCORPORATED