Seven Group Holdings Limited - proposed acquisition of Consolidated Media Holdings Limited

Acquirer(s)

  • Seven Group Holdings Limited

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

Document title Date

Timeline

DateEvent
22/06/2012ACCC commenced review under the Merger Review Process Guidelines.
13/07/2012Closing date for submissions from interested parties.
24/07/2012ACCC 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.
24/08/2012ACCC received further information from the merger parties. ACCC timeline recommenced.
13/09/2012ACCC published a Statement of Issues outlining preliminary competition concerns.
27/09/2012Closing date for submissions relating to Statement of Issues.
11/10/2012ACCC announced it would oppose the proposed acquisition.