News

Competition Regulator Investigates Merger Between Daily Mail and General Holdings and News Corp U.K. & Ireland

1 Mins read

The Investigation Process

The CMA has set a deadline of March 28 for the phase one of the inquiry, during which interested parties are invited to provide comments by February 15. Both Daily Mail and General Holdings and News Corp U.K. & Ireland have acknowledged the CMA’s investigation. However, they have refrained from commenting further due to the ongoing regulatory review.

The Proposed Joint Venture

On October 3, the companies announced their plans to establish a joint venture to manage the combined print operations of News U.K. and DMG Media. They believe that now is the opportune time to improve the efficiency of their print operations. Should the merger be approved, the newly formed company, referred to as NewCo, would be responsible for printing over three million newspapers each night and almost 22 million per week.

About News Corp

News Corp is the parent company of Dow Jones & Co., well-known for publishing The Wall Street Journal and Dow Jones Newswires.

Related posts
News

Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation | Ethereum Ethereum Accumulation | CryptoRank.io

2 Mins read
Ethereum is trading above $2,400 after enduring several days of volatility and uncertainty. The price has managed to stabilize despite sharp intraday…
News

Economic Calendar for the Week of June 29th

1 Mins read
Notable earnings: 🦗Trending NowBest Forex Trading Robots To Invest In 2022 U.S. economic events: Chicago PMI, Fed Speeches: Bostic, Goolsbee, Dallas Fed…
News

$TRUMP and other meme coins won't be protected by SEC, Commissioner Hester Peirce says

3 Mins read
LAS VEGAS — Now that the SEC is out of the business of regulating meme coins, investors shouldn’t expect any guidance on…

Leave a Reply

Your email address will not be published. Required fields are marked *

+ 67 = 76