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NZME, Fairfax Media merger poised to create New Zealand’s biggest media firm

( May 27, 2016, 03:36 GMT | Insight) -- NZME and Fairfax Media have filed a merger proposal with New Zealand's Commerce Commission which, if approved, would create New Zealand’s largest standalone media company, the New Zealand Herald reports. NZME and Fairfax Media have filed a merger proposal with New Zealand's Commerce Commission which, if approved, would create New Zealand’s largest standalone media company, the New Zealand Herald reports. The structure of the merged business has yet to be finalized, but Fairfax is expected to hold less than 50 percent of the shares, with NZME acquiring Fairfax assets through a mix of new NZME shares and cash. The commission is receiving public submissions and will investigate the proposed transaction, with a final decision expected to be months away. The deal is also subject to approval by the boards of NZME and Fairfax Media. ...

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