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 1882
Change 52
% Change 3
Cumulative volume 635791
Market cap 0

Last Updated: 21-04-2015 at 02:45. 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

 
 
 

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

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The driverless luxury car of the future!

Watch this video of the Mercedes Benz F 015 concept car, the company’s vision of a driverless future.

 
 

Luxury living

WATCH: Private luxury island for sale!
10 of the most ridiculous celebrity purchases, that cost millions!
Karl Lagerfeld spotted with custom gold Apple Watch
The most luxurious dog house!

Money Clinic

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

Voting Booth

What brand of smartphone has been stolen from you?

Previous results · Suggest a vote

Loading...