Staff safe in Foxtel takeover
A TAKEOVER of Austar by Foxtel will not affect operations or staff numbers at the regional subscription TV provider’s Robina office.
Foxtel’s policy and corporate affairs director Adam Suckling said if the transaction was approved through the office at Robina will remain.
“We will keep the people there who are working there because they do a great job,” Mr Suckling said.
Foxtel’s announcement yesterday about the takeover offer also made a point of reassuring people that Robina’s “world class” facility would remain open.
An Austar spokeswoman said the takeover offer was in its early days and Foxtel had only submitted a proposal.
“Austar and Foxtel have worked closely for many years,” the spokeswoman said.
Foxtel announced yesterday that it made a $1.52 a share offer for 100% of Austar.
Austar was considering the offer and working through the due diligence processes.
The takeover also required the approval of the Australian Competition and Consumer Commission.
