Foxtel Finally Moves To Takeover Austar

Well, it's only taken forever, but Foxtel has officially made its play to take over rival payTV operator Austar.

Foxtel is offering $1.52 a share, and has the support of both Austar's board and the company's major shareholder, Liberty Global.

While Austar and Foxtel seem to be happy with the proposal, it's still not guaranteed to happen, with the ACCC and the foreign investment review board needing to give the deal the thumbs up.

Should it go through, it could go a long way to satisfying unhappy customers unable to get Foxtel on Xbox, if nothing else...

[SMH]

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