Foxtel-Austar deal may face further delays

By By David Blight | 16 January 2012
 
Foxtel campaign by Area 51.

The Australian Competition and Consumer Commission (ACCC) chairman Rod Sims has refused to commit to a final date for a ruling on Foxtel's proposed buyout of Austar. 

The minority shareholders in Austar are set to place their votes regarding the $1.9 billion takeover offer on 17 February. However, in order to do so, the ACCC must approve the deal by 3 February.

In an interview with the Australian Financial Review, Sims would not commit to a final ruling by 3 February, indicating the deal may face further delays.

The ACCC has already pointed out concerns regarding the deal, which it began examining in May 2011. 

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