Target(s)
- Consolidated Media Holdings Limited
Summary
Seven informed the ACCC that it was actively considering acquiring further shares in CMH and asked the ACCC to review a proposal for an acquisition of all of the shares in CMH which it does not currently own. Following a public review, on 11 October 2012 the ACCC announced that it would oppose the acquisition.Reasons for the ACCC's decision in regards to the proposed acquisiton are in the Public Competition Assessment attached below.
Market definition
Please refer to the attached Public Competition Assessment.Competition analysis
Please refer to the attached Public Competition Assessment.Statement of issues
Public competition assessment
Timeline
| Date | Event |
|---|---|
| 22/06/2012 | ACCC commenced review under the Merger Review Process Guidelines. |
| 13/07/2012 | Closing date for submissions from interested parties. |
| 24/07/2012 | ACCC requested further information from the merger parties. ACCC timeline suspended. Former proposed decision date of 2 August 2012 delayed to allow provision of requested information. |
| 24/08/2012 | ACCC received further information from the merger parties. ACCC timeline recommenced. |
| 13/09/2012 | ACCC published a Statement of Issues outlining preliminary competition concerns. |
| 27/09/2012 | Closing date for submissions relating to Statement of Issues. |
| 11/10/2012 | ACCC announced it would oppose the proposed acquisition. |