Merger

TPG and Vodafone Hutchinson will pursue legal action against the ACCC’s decision to block their proposed merger. The consumer watchdog opposed the merger earlier this week saying it would reduce competition in the market. The two companies will be be seeking declaratory relief from the federal court which has jurisdiction

The ACCC has blocked the Vodafone Hutchinson and TPG merger with the watchdog claiming the merger will “reduce competition and contestability” in this sector.  It stated the proposed merger would preclude TPG entering as the fourth mobile network operator in Australia. Sign up for Which-50’s Irregular Insights newsletter Nominate today

Several Australian traveltech companies have merged in a bid to crate the region’s leading online marketplace for outdoor tourism, merging holiday bookings with travel and tourism information into a single experience. TH2 owned companies, Roadtrippers Australia and CamperMate have joined with GoSeeAustralia and Outdoria, in a deal involving cash and

Ecargo (ECG) has completed its acquisition of China export business Metcash Export Services from supermarket wholesaler Metcash. The wholesaler, which supplies more than 10,000 independent retailers in Australia, still owns 15 per cent of Metcash Export Services, while ECG controls the remaining 85 per cent. The Metcash’s China team will

The Federal Court of Australia has approved the upcoming merger between Nine and Fairfax, clearing the final hurdle after Fairfax shareholders and the ACCC gave the deal the green light earlier this month.  Former Domain CEO Antony Catalano had tried to stop the deal from going ahead with his legal team

Earlier this morning Fairfax shareholders met and voted in favour of Nine’s takeover offer, with 81 per cent approving the plans for the companies to merge next month. Two weeks ago the ACCC approved the Nine-Fairfax merger saying it will not substantially lessen competition in the Australian news industry. Leadership

SAP will buy survey software company Qualtrics for US$8 billion in cash with both companies hoping to provide value to businesses by combining experience data and operational data. The cloud giant has secured financing in the amount of €7 billion to cover purchase price and acquisition-related costs. According to Axios,

fairfax

The ACCC has given the green light to Nine’s takeover of Fairfax, with the consumer watchdog noting it will not “substantially lessen competition” in the Australian news industry. The ACCC investigation involved contact with hundreds of stakeholders, consideration of more than 1000 submissions and examination of internal documents from both

River City Labs Team

ACS has acquired Brisbane-based River City Labs Group and will take over the operations of the RCL Accelerator and Startup Catalyst. The ICT industry body said it will commit $7.5 million over the next three years to support tech entrepreneurs. The acquisition takes effect immediately and all staff will remain

TPG Telecom and Vodafone Hutchison Australia (VHA) have announced a merger worth $15 billion, which both companies say will create a more effective challenger to the major incumbents, Telstra and Optus. The name of the newly merged entity will be TPG Telecom limited despite Vodafone shareholders owning the majority stake