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An update from Southern Cross Media Group Limited ( (AU:SXL) ) is now available.
The Supreme Court of New South Wales has approved the acquisition of Seven West Media Limited by Southern Cross Media Group Limited via a scheme of arrangement, clearing a key legal hurdle for the deal. Once the court orders are lodged with ASIC on 24 December 2025, Seven West Media shares will be suspended from ASX trading, and on the expected implementation date of 7 January 2026 shareholders are to receive 0.1552 Southern Cross shares for each Seven West Media share held as at the 30 December 2025 record date, paving the way for consolidation in the Australian media sector and shifting Seven West investors into the combined Southern Cross register.
The most recent analyst rating on (AU:SXL) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.
More about Southern Cross Media Group Limited
Seven West Media Limited is one of Australia’s largest media companies, reaching more than 19 million people a month through broadcast television, publishing and digital platforms. Its portfolio includes the Seven Network and channels 7two, 7mate, 7flix and 7Bravo; streaming service 7plus; news site 7NEWS.com.au; and print and online mastheads such as The West Australian, The Sunday Times, PerthNow, The Nightly and Streamer, with a strong presence in news, sport and entertainment programming and major sports broadcast rights.
Average Trading Volume: 701,336
Technical Sentiment Signal: Buy
Current Market Cap: A$193.1M
See more insights into SXL stock on TipRanks’ Stock Analysis page.