All data is delayed
See More

Media24 merger to go before tribunal

Jan 24 2011 17:14
I-Net Bridge

Company Data


Last traded 2160
Change 5
% Change 0
Cumulative volume 180431
Market cap 0

Last Updated: 01-12-2015 at 10:53. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Naspers gains on Investec note

Naspers: Tencent aims to dominate world

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  |  media24


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote