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WA media outlets change ownership
Multiple firms have advised on Seven West Media’s acquisition of The Sunday Times and PerthNow from Nationwide News.
Lara Bullock
Firms: Herbert Smith Freehills and Clayton Utz (Seven West Media Limited); Allens Linklaters (Nationwide News Pty Limited)
Value: Confidential
Area: M&A
Key players: The Herbert Smith Freehills team was led by partners Kristin Stammer and Rebecca Maslen-Stannage (pictured) and included partner Lesley Sutton, senior associate Courtney Dixon, and associates Isabel Grelak and Claire Koller-Smith.
Linda Evans from Clayton Utz advised Seven West Media on the competition law aspects.
Deal significance: Seven West Media Limited has purchased newspaper The Sunday Times and website PerthNow from Nationwide News Pty Limited.
In addition to the acquisition, this complex transaction involved a two-way print and online content sharing and advertising representation deal, and the transfer of subscriptions and agreements for the printing and distribution of various newspaper titles including The Australian.
The acquisition was approved by the ACCC in September and was expected to be completed early this week.
