The Commerce Commission has granted clearance for Media Monitors Pty Limited to acquire all the business and assets of Chong Bureau Limited.
The Commerce Commission has granted clearance for Media Monitors Pty Limited to acquire all the business and assets of Chong Bureau Limited.
Commerce Commission Chair Paula Rebstock said, the Commission was satisfied that the proposed acquisition will not have, or would not be likely to have, the effect of substantially lessening competition in any of the relevant markets.
The Commission considered that post acquisition, the combined entity would be constrained by existing competition, low barriers to entry and the ability of customers to self-supply their media monitoring requirements.
Public versions of the written reasons for the decision will be available as soon as practicable on the Commission's website www.comcom.govt.nz under the Clearances Register.
Background
Media Monitors provides a range of media intelligence services. Primarily, this involves the gathering, collation and distribution of press and broadcast media to businesses and other organisations. Media Monitors is a privately owned company that operates in a number of countries in the Asia-Pacific region, including Australia and New Zealand.
Chong Bureau Limited also provides media intelligence services in New Zealand, under the brand name 'Chong Newztel Media_Watch'. Chong Bureau Limited is a privately owned company with offices in Auckland and Wellington.
