Update: ComCom declines clearance for Serato deal

(Image: Serato)

Thu, 18 Jul 2024

The Commerce Commission has declined to give clearance to AlphaTheta Corporation to acquire Serato Audio Research.“[ComCom] could not exclude a real chance that the merger would result in a substantial lessening of competition for DJ software, resulting in price rises to consumers and/or a lower quality software offering,” chair John Small said.In a joint statement, the companies said they were disappointed by the ruling against the acquisition.“As AlphaTheta and Serato, we believe that the proposed agreement would have accele...

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