Acquirer(s)
- Illyria Nominees Television Pty Limited
- Consolidated Press Holdings Limited
Target(s)
- Ten Network Holdings Limited
Summary
Timeline
| Date | Event |
|---|---|
CPH (via Cavalane) acquired a 17.88% shareholding in Ten. |
|
ACCC commenced a review under the Merger Review Process Guidelines. |
|
Illyria purchased 50% of CPH's shareholding in Ten. |
|
The ACCC announced that there was not sufficient information available at this time to establish a breach of section 50 of the Competition and Consumer Act 2010. The ACCC will continue to monitor future developments at Ten having regard to the competition provisions of the Act. |