On 11 July 2011, Austar announced that "it had entered into definitive transaction agreements with Liberty Global, Inc. (LGI) and Foxtel Management Pty Limited (Foxtel) under which Foxtel will acquire Austar by a series of transactions including a scheme of arrangement (Scheme)." This takeover involved a minority shareholder approval on 30 March 2012, the approval of the Australian Competition and Consumer Commission (ACCC) on 10 April 2012, and has had approval from a Second Court Hearing. Austar shares were suspended from the ASX on 16 April 2012 and delisted on 27 April 2012. The takeover was completed on 24 May 2012.