OIO kicks Serato competition queries to ComCom

Competition spins you right round, baby, right round. (Image: Depositphotos)

Wed, 15 Nov 2023

New Zealand’s foreign investment regulator kicked competition concerns about AlphaTheta’s US$65 million (NZ$110.2m) purchase of Kiwi DJ software maker Serato to the Commerce Commission rather than run it up to the finance minister to test the national interest.The Overseas Investment Office (OIO) – a unit of Land Information NZ – approved the transaction on Sept 7, subject to the acquisition not setting off any competition concerns for the antitrust regulator. Official documents released to BusinessDesk show th...

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