Seven gets all clear to buy $130m rival

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Seven West Media has been given permission to complete the purchase of a broadcasting rival in a deal tipped to transform the Kerry Stokes-backed firm.

The Australian Competition and Consumer Commission on Thursday morning gave Seven its blessing to pursue the deal – which was pencilled in by both companies a month ago – bringing an end to the long-running pursuit of its regional affiliate.

A Prime shareholder vote on the package is set to take place on December 23 after the ACCC said it would not stand in the way of the deal. Prime’s major shareholders include ACM boss Anthony Catalano and his business partner Anthony Waislitz. Picture by Stuart McEvoy/The Australian.

 

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Stokes is blue blooded conservative, of course News Ltd would give him coverage.

Another right wing Murdoch in the making...sure keep Australia white , right and well controlled by media propaganda giants from the sixties A national threat to freedom and security.

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