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Seven West Media Limited ( (AU:SWM) ) just unveiled an update.
The Australian Competition and Consumer Commission (ACCC) has given informal clearance for the proposed merger between Southern Cross Media Group Limited (SCA) and Seven West Media Limited (SWM). This approval is a key step in the merger process, indicating that the merger will not significantly reduce competition. However, the completion of the transaction still requires shareholder approval from SWM and consent from the Australian Communications and Media Authority (ACMA).
The most recent analyst rating on (AU:SWM) stock is a Sell with a A$0.15 price target. To see the full list of analyst forecasts on Seven West Media Limited stock, see the AU:SWM Stock Forecast page.
More about Seven West Media Limited
Southern Cross Austereo (SCA) is a leading media company in Australia, known for its LiSTNR digital audio app and the Hit and Triple M radio networks. The company offers a wide range of digital audio content, including live sports coverage and podcasts, reaching an estimated eight million people monthly. SCA owns 104 radio stations and provides national sales representation for regional stations, serving over nine million listeners nationwide.
Average Trading Volume: 1,286,423
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$207.8M
See more insights into SWM stock on TipRanks’ Stock Analysis page.