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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.
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.53M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $70.26K | 672.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 115646 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1940997 | 11 |
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| Last trade - 11.47am 08/09/2025 (20 minute delay) ? |
| AUN (ASX) Chart |