Aussie regulators are expected to block a $2B takeover bid by Australian pay-TV firm Foxtel for...

|By:, SA News Editor

Aussie 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.