OIO approves Fairfax/NZME merger, ComCom decision still pending

Thu, 22 Sep 2016

By Sophie Boot Sept. 22 (BusinessDesk) - The Overseas Investment Office has approved the proposed merger between Fairfax Media's New Zealand assets and NZME, although the deal still needs NZME shareholder and Commerce Commission approval to go ahead. A month ago, the Commerce Commission delayed its decision on the proposed merger, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. The regulator will release a draft determination in early November ahead of a possible publ...

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