• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Media24 merger to go before tribunal

Jan 24 2011 17:14 I-Net Bridge

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1095.04
Change 0.96
% Change 0.00
Cumulative volume 889816
Market cap 456.43bn

Last Updated: 24/04/2014 at 04:10. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Pay-TV, internet propel Naspers profit

Naspers gains on Investec note

Naspers up on higher earnings report

Naspers hits record as Mail.ru prices IPO

Naspers: Tencent aims to dominate world

Naspers trims losses on Tencent profit

 
Johannesburg - The Competition Tribunal will on Wednesday hear a proposed merger between Media24 and New Media.

Media24 operates as a publisher, printer and distributor of various forms of media and is ultimately controlled by Naspers [JSE:NPN]

The target firm in this transaction, New Media, mainly operates a contract publishing business and publishes industry publications, in-house publications, e-newsletters and corporate websites.

New Media also has event planning services and publishes consumer magazines including Eat In, Eat Out and Time Out Visitor's Guide.

Media24 believes the acquisition will expand its contract publishing business.

The Competition Commission assessed the merger and concluded that although both operate in the contract publishing and consumer magazine markets, it was unlikely that the transaction would lead to a substantial lessening of competition.

Even after the merger consumers in these markets would still have sufficient options and customers raised no competition concerns, it said.

The commission has therefore recommended that the tribunal approve the merger without any conditions.

* Fin24 is a Naspers publication
naspers  |  new media  |  media24
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Keep cops out of politics, Icasa hears

The SAPS should not be drawn into politics because it is a statutory institution, Icasa's complaints and compliance committee has heard.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...