Proposed merger between The Thomson Corporation and Reuters Group plc

Acquirer(s)

  • The Thomson Corporation

Target(s)

  • Reuters Group plc

Summary

The Thomson Corporation proposed to acquire Reuters Group plc

Market definition

The proposed acquisition was considered in the context of the supply of financial information products in Australia.

Competition analysis

On 11 October 2007 the ACCC formed the view, after conducting market inquiries, that the proposed acquisition was unlikely to substantially lessen competition in the relevant market due to the strong constraining presence of Bloomberg and constraints imposed by smaller firms.

Timeline

DateEvent
10/09/2007ACCC commenced review under the Merger Review Process Guidelines.
21/09/2007Closing date for submissions from interested parties.
11/10/2007ACCC announced it would not oppose the proposed acquisition.