Posts Tagged "Nine"

Fairfax shareholders gave “overwhelming” support for the multi-billion dollar merger. The deal was possible after Australia relaxed its media ownership laws last year. The new business will be called Nine, losing the well-known Fairfax name.

Nine Entertainment has announced a takeover of Fairfax Media in a surprise deal worth an estimated $4bn.

The merger, which the television network claims will create Australia’s largest integrated media player, was announced to the stock market on Thursday.