Media Merger 2015-03 - The Financial Times Group and Nikkei Inc.
In accordance with the Part 3A of the Competition Act 2002 (the Act) as amended the Minister was notified on the 02nd of October 2015 of the proposed acquisition of The Financial Times Group by Nikkei Inc. following the clearing of the proposed merger on competition grounds by the Competition and Consumer Protection Commission.
In accordance with the Act the Department undertook a 'Phase 1' examination of the merger in order to determine its potential effect on the plurality of media in the state. As a result of this examination the Minister made a determination, on the 5th of November 2015 that the proposed merger will not negatively affect the plurality of media in the state and as such that it may proceed. Copies of the Minister's letters of determination can be found below.
2015.11.05 MM2015-03 Nikkei FT Minister's Determination FTGroup.pdf
2015.11.05 MM2015-03 Nikkei FT Minister's Determination Nikkei.pdf
Phase 1 Examination