Competition watchdog greenlights News Corp acquisition of APN News & Media’s ARM

Miranda Ward

December 8, 2016 9:52

The Australian Competition and Consumer Commission (ACCC) has said it will not oppose the proposed acquisition by News Corp of Australian Regional Media from APN News & Media.

APN News & Media first flagged it was looking to sell ARM in February this year with News Corp successfully submitting a bid of $46.6m in June. The sale was approved by APN shareholders in September.

In February, ARM RM posted a revenue decline of 7%, down from $202.1m to $188.5m.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.

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Competition watchdog greenlights News Corp acquisition of APN News & Media’s ARM

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