Competition watchdog not hounding Seven’s WAN deal

Australia’s competition regulator has cleared the Seven Network to increase its stake in West Australian Newspapers, according to reports in The Age and The Australian.

The Australian Competition and Consumer Commission concluded an investigation into the television company’s growing interest in WAN and informed Seven it had no objection to its purchase of 22.4 percent of the publisher or any potential takeover.

The Australian said it is the first time the ACCC has approved a metropolitan cross-media print and TV deal, although the watchdog reserved the right to review its ruling at a later date.

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