ComCom casts shade on Serato deal

Watchdog “not currently of the view” the deal meets competition law. (Image: Serato)

Thu, 08 Feb 2024

The $113 million sale of Auckland-based DJ software maker Serato to Japan’s Alpha Theta Corporation (ATC) appears to be in peril.ATC has to convince the Commerce Commission the deal would not substantially lessen market competition.In an unusually pointed Statement of Issues released by the ComCom, the watchdog says it’s “not currently of the view” the deal passes that test – the benchmark for approval.Serato built a highly profitable business (see financials below), making software that can be used with multiple b...

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