PBL Media - proposed joint venture

Acquirer(s)

  • Elders Limited
  • Bell Potter Securities Pty Ltd
  • PBL Media

Target(s)

  • Not Applicable

Market definition

A conclusive view on market definition was not needed to be reached as the outcome of the competition analysis would not have been materially affected were a broader market definition adopted. In this regard the proposed joint venture was likely to be pro-competitive in so far as it would result in the creation of an additional supplier of online real estate advertising services. The proposed joint venture was considered in the context of the national supply for online real estate advertising services.

Competition analysis

The ACCC decided not to oppose the joint venture on the basis that entry of an additional major provider of online real estate was likely to be pro-competitive.

Timeline

DateEvent
22/02/2007ACCC commenced review under the Merger Review Process Guidelines.
06/03/2007Closing date for submissions from interested parties
08/03/2007ACCC announced it would not oppose the joint venture