Nothing gets the blood pumping more than a good ol’ hostile takeover.
Already a subscriber? It’s a shame then – at the height of adrenaline and all guns blazing – just how easy it is to overlook the basics.’s Aussie Broadband and fellow telco minnow Superloop, founded and formerly owned by. The pair are seasoned warriors, slugging it out last year over software provider Symbio, which Aussie ultimately won with a $262 million offer.Aussie has since turned its attention to gobbling up Superloop, lobbing an all-scrip $466 million offer on February 26 this year.
The matter has now landed in court after Superloop demanded Aussie reduce its stake. Aussie, which says it only became aware of the clause on March 3, has since applied to regulators for permission to keep its stake and labelledIt’s a right mess. That’s before even examining the timing of Aussie’s share registry raid.
So when did Aussie first find out the company would lose out on the Origin contract to its primary rival?
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