South Africa, May 21 -- This follows the Commission's investigation of the large merger notification submitted on 30 September 2024, signalling a major development in the local and international media landscape.

Conditions need to be met

The Commission is of the view that the proposed transaction is unlikely to substantially lessen or prevent competition in any market. However, in recognition of the important role played by the Target Group within the broader audiovisual ecosystem in South Africa, and to address public interest concerns raised by various stakeholders, the Commission has recommended approval of the merger subject to a number of conditions, including but not limited to, addressing employment concerns, an increase in the s...