approval

The Federal Court of Australia has approved the upcoming merger between Nine and Fairfax, clearing the final hurdle after Fairfax shareholders and the ACCC gave the deal the green light earlier this month.  Former Domain CEO Antony Catalano had tried to stop the deal from going ahead with his legal team

Earlier this morning Fairfax shareholders met and voted in favour of Nine’s takeover offer, with 81 per cent approving the plans for the companies to merge next month. Two weeks ago the ACCC approved the Nine-Fairfax merger saying it will not substantially lessen competition in the Australian news industry. Leadership