The Australian competition regulator said on Wednesday it was monitoring media speculation of a possible acquisition of pay television provider Austar by rival Foxtel. Australian pay-TV operator Foxtel has talked to rival Austar's main shareholder, Liberty Global , about a potential takeover offer, Austar said on Wednesday, amid reports it was the target of a potential $2 billion bid. . Dominant telephone firm Telstra Corp owns 50 percent of Foxtel, while Rupert Murdoch's News Corp and Consolidated Media Holdings each have 25 percent. (Reporting by Narayanan Somasundaram; Editing by Ed Davies)
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