The ACCC will not oppose the joint acquisition of Ten by media moguls Lachlan Murdoch and Bruce Gordon.
In an announcement from the independent authority and competition regulator, it said Gordon’s Birketu and Murdoch’s Illyria’s proposed joint bid to acquire Ten Network Holdings, with each to take a 50% in the media business, was permitted to go ahead. It would operate as a joint venture entity.
Ten, which holds commercial TV broadcasting licences in Sydney, Melbourne, Brisbane, Adelaide and Perth, operates free to-air channels Ten, Eleven and One as well as online catch up service Tenplay, was put into voluntary administration on 14 June this year and receivership on 1 July.
At the time Ten said it had already made progress o…
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