find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
View details
Top firms act on giant TV deal

Top firms act on giant TV deal

Allens Arthur Robinson is advising subscription television provider FOXTEL on its proposal to acquire AUSTAR, advised by Freehills, at a price of $1.52 per share.If implemented, the deal would…

Allens Arthur Robinson is advising subscription television provider FOXTEL on its proposal to acquire AUSTAR, advised by Freehills, at a price of $1.52 per share.

If implemented, the deal would bring together two of Australia's major subscription TV service providers, creating one of Australia's largest media businesses with more than 2,500 full-time equivalent employees and anticipated revenues of more than $2.8 billion.

Under the proposed deal, announced on 26 May, FOXTEL would acquire 100 per cent of the shares in AUSTAR and the two businesses would merge.

The transaction - which remains indicative, non-binding and subject to a number of conditions - would be funded by a combination of FOXTEL bank debt and shareholder capital contributions.

Allens partners Kylie Brown and Jacqueline Downes led the Allens team on the transaction.

"We look forward to continuing our involvement as the parties move towards due diligence, the negotiation of definitive documents and engagement with the ACCC," said Brown.

Allen & Overy is advising Liberty. The A&O team is being led by Sydney corporate/M&A partner Michael Parshall with support from tax partner Andrew Stals, finance partner Chris Robertson, competition partner Dave Poddar and corporate partner Michael Reede. The team also includes associates Claire Galt, Ka Sen Wong and Leah Ranie.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Top firms act on giant TV deal
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
Nov 16 2017
From lawyer in law firm to senior governance professional
Promoted by Governance Institute of Australia As a law graduate, Kate Griffiths never imagined...
marriage equality
Nov 16 2017
Legislation the next hurdle for marriage equality
Lawyers have underscored the importance of ensuring same-sex marriage legislation does not limit ant...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...