Fairfax Media shareholders approve Nine merger

Zoe Samios

November 19, 2018 10:36

Fairfax shareholders have voted in favour of the proposed merger with Nine this morning, despite an eleventh-hour bid by former Domain CEO Antony Catalano.

At the Domain offices in Sydney, the majority of Fairfax Media shareholders showed support for the merger, which will see Nine acquire a 51.1% stake in the business. 81.49% were in favour of the merger, while 18.51% were against the deal.

Nine and Fairfax Media have passed the second hurdle

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Zoe Samios

Zoe Samios worked at Mumbrella between 2016 and 2019, finishing up as senior media reporter in March 2019.

Topics

Fairfax Media Nine

1 COMMENTS

Editor 19 Nov 18

Hywood has completed a project that began when receivers were appointed and Fairfax came under the control of its enemies. When the truth emerges it will be a story of governance.

User ID not verified.