Australia’s largest pay-TV business Foxtel and Liberty Global have agreed a price of A$1.9bn or A$1.49 per share for Foxtel to take over Australian television provider Austar from Liberty Global, according to Reuters citing an article in the Australian…
Australia’s largest pay-TV business Foxtel and Liberty Global have agreed a price of A$1.9bn or A$1.49 per share for Foxtel to take over Australian television provider Austar from Liberty Global, according to Reuters citing an article in the Australian Financial Review.
Liberty Global reportedly holds a 54% stake in Austar.
Foxtel is reportedly looking to raise US$1.2bn in loans to fund the deal.
Austar reportedly said that it had checked with Liberty Global and claimed that the information was uninformed and inaccurate.
It also reportedly said that there had been no agreement between Foxtel and Liberty Global, including over the issue of price.
