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Fairfax Nine merger edges towards finalisation

11/20/2018

Fairfax Nine merger edges towards finalisation

Fairfax shareholders have voted in favour of the proposed merger with Nine, despite an eleventh-hour bid by former Domain CEO Antony Catalano. The majority of Fairfax Media shareholders showed support for the merger, which will see Nine acquire a 51.1% stake in the business. The merger is set be completed by December 7, if court approval is granted on 27 November.