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Yahoo purged those chat rooms within 24 hours of becoming aware of them, but was it enough to protect teens?

Drastic changes shot into place restricting chat rooms to users 18 and older and closed Yahoo Teen Chat for good.

Nine bought its way out of the 50/50 joint venture with Microsoft in Ninemsn in 2014 and renamed its website au earlier this year.

In a statement to the ASX, Seven said it would use the time between now and the completion of the deal in Q1 2017 to consider a range of options that exist under the current terms, to work out which would create the most value for Seven West Media shareholders.

“Beyond the joint-venture, Seven West Media has dramatically expanded its digital products, audience and investments and now leads the Australian market in the creation and distribution of digital, premium video content beyond broadcast television,” the statement said.