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

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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.

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