Australian Regulator Delays Decision on Seven Bid for Consolidated

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By: Reuters

(Reuters) - Australia's competition regulator has delayed a decision on whether it would allow a bid for Consolidated Media Holdings by Seven Group Holdings , saying it had concerns about the potential deal and wants more input.

Consolidated Media, which owns lucrative pay-TV assets, has backed a $2 billion offer from Rupert Murdoch's News Corp in the absence of a higher offer. News Corp's bid has already won the blessing of the Australian Competition and Consumer Commission (ACCC).































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