.
Australia's largest pay-tv provider Foxtel’s $2 billion bid for regional pay-TV provider Austar United Communications Limited (ASX:AUN) has advanced.
Austar said yesterday it has entered into a definitive agreement with its 54 per cent stake holder, Liberty Global, and Foxtel.
Under the deal Foxtel will acquire 100 per cent of Austar via a series of transactions valued at $1.52 per share.
While the transaction is still dependant on shareholder and regulatory approvals, Foxtel's high-profile shareholders, Telstra Corporation Limited (ASX:TLS), News Corporation (ASX:NWS) and Consolidated Media Holdings Limited (ASX:CMJ) are all backing the deal.
In the 2010 financial year Austar reported a net profit of $99.65 million.
Add AUN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.23M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 71881 | 1 |
View Market Depth
| Last trade - 16.11pm 21/06/2024 (20 minute delay) ? |
| AUN (ASX) Chart |
Day chart unavailable