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Aussie regulators are expected to block a $2B takeover bid by Australian pay-TV firm Foxtel for...
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Friday, July 22, 2011, 5:32 AM ETAussie regulators are expected to block a $2B takeover bid by Australian pay-TV firm Foxtel for rival Austar on competition grounds. In a preliminary ruling, regulators said their decision about Foxtel, which is 25% owned by News Corp. (NWS), had nothing to do with NWS' ongoing scandal.
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