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Sky TV shareholders vote in favor of Vodafone NZ merger

( July 6, 2016, 08:17 GMT | Insight) -- Sky Network Television shareholders today voted in favor of a merger with Vodafone New Zealand in which Sky would purchase Vodafone NZ from its parent company for A$3.44 billion ($2.6 billion), the National Business Review reports. Sky Network Television shareholders today voted in favor of a merger with Vodafone New Zealand in which Sky would purchase Vodafone NZ from its parent company for A$3.44 billion ($2.6 billion), the National Business Review reports. The merger would create a media and entertainment provider with combined revenue of more than A$2.9 billion. Sky TV Chairman Peter Macourt said the merger would help to ensure the pay-TV provider’s survival in an industry “permanently” altered by the Internet, multiple screens and web-based competitors like Netflix. The deal is being examined by the Commerce Commission, with a decision due in the next six months.   ...

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