Southern Cross Media Seals Court Approval for Seven West Media Takeover

Southern Cross Media Group Limited ( (AU:SXL) ) has provided an announcement.

Southern Cross Media Group Limited has secured final court and regulatory approvals for its acquisition of Seven West Media Limited via a scheme of arrangement, with the scheme now legally effective following lodgement of the Supreme Court of New South Wales orders with the Australian Securities and Investments Commission. Trading in Seven West Media shares on the ASX is expected to be suspended from the close of trading on 24 December 2025, and on the planned implementation date of 7 January 2026, Seven West Media shareholders will receive 0.1552 Southern Cross shares for each share they hold at the record date, marking a major consolidation in the Australian media sector that will significantly expand Southern Cross’s broadcast and digital footprint and reshape competitive dynamics for audiences, advertisers and investors.

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

Southern Cross Media Group Limited, operating as Southern Cross Austereo, is one of Australia’s leading media companies, owning 104 radio stations across FM, AM and DAB+ under the Hit and Triple M brands and representing 56 regional stations nationwide. It also operates the LiSTNR digital audio app, which delivers free streaming of its radio networks, premium sports coverage and a large podcast library to more than 2.2 million signed-in users, reaching an estimated eight million people each month and more than nine million listeners across its radio networks.

Average Trading Volume: 697,014

Technical Sentiment Signal: Buy

Current Market Cap: A$193.1M

Find detailed analytics on SXL stock on TipRanks’ Stock Analysis page.