Decision on Ooh Media and and APN Outdoor merger delayed as ACCC seeks more information

March 10, 2017 2:43

The approval of the merger Ooh Media and APN Outdoor has been delayed as the Australian Competition and Consumer Commission seeks more information on the deal.

The decision, expected later this month, has been pushed back to May 4 with the ACCC saying it needed more information before it could finalise its decision.

In a statement to the ASX, Ooh Media said it did not think the extension would have an impact on the approval of the proposed merger which would create Australia’s largest out-of-home company.

“APO and OML remain confident in their position that the merger does not result in substantial lessening of competition in a rapidly changing media landscape,” the statement said.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

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