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Aussie Regulator Reviews Seven Purchase

08-27-2008

People & Companies in the News

Australian broadcaster Seven Network will have its acquisition of a stake in West Australian Newspapers Holdings reviewed by the Australian antitrust regulator, reports Bloomberg News.

The informal merger review ``was foreshadowed by the Australian Competition and Consumer Commission some time ago,'' Sydney-based Seven said in a statement. ``Seven cooperating in the review doesn't indicate any intention to acquire further shares in West Australian Newspapers, which Seven regards as an important investment.''

For the complete story, click here.

 

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