Sky-Vodafone merger decision challenging - Berry

Sun, 28 Jul 2019

By Gavin Evans July 29 (BusinessDesk) - The $3.4 billion Sky-Vodafone New Zealand transaction the Commerce Commission rejected in 2017 was the most difficult of the vertical mergers former chair Mark Berry had to consider. Vertical mergers – where a firm moves into another part of its industry supply chain – are more challenging than decisions when firms buy or merge with direct competitors, he said. The latter cases have “predictable threads of evidence” on things like how close products and services are as substitutes, the capacity of t...

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