Australia's Foxtel appeared to be inching closer to a deal with Liberty Global to take over pay-TV firm Austar but the target firm denied reports a A$1.9 billion ($1.96 billion) price has been agreed. The Australian Financial Review said Liberty and Foxtel had agreed on a A$1.49 per share price while sources close to the deal told Reuters Foxtel was talking to banks to raise about A$1.2 billion ($1.2 billion) in loans to fund the deal. "Austar has discussed this matter with Liberty Global and can confirm that today's speculation is uninformed and inaccurate. In particular, no agreement has been reached between LGI and Foxtel, including with respect to price," Austar said in a statement.
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