A PYMNTS Company

Australia: Fairfax and Macquarie radio merger to complete by end of month

 |  March 25, 2015

The merger of the Fairfax and Macquarie Radio Network assets should be completed by next Tuesday after shareholders gave the deal the green light at Macquarie meeting this morning.

The deal, which has been approved by two separate regulators, will see Macquarie pay Fairfax around $18m with Fairfax holding 54.5 per cent of the new entity and Macquarie the remaining 45.5 per cent. It will still be called Macquarie radio Network.


Full Content: Radio Info


Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.