Switzerland’s competition regulator will investigate Tamedia’s deal to buy South African-owned Ricardo because it could lead to a dominant position in the market for classified advertisements for jobs, it said on Tuesday.
Tamedia, which publishes Swiss national newspaper Tages-Anzeiger, said in February it would buy Ricardo from South African media company Naspers for 240 million Swiss francs ($259 million), pending regulatory approval.
Tamedia said at the time it was seeking to strengthen its position in the Swiss online market through Ricardo, which operates online marketplace ricardo.ch, car platform autoricardo.ch and general classifieds website olx.ch.
“There are indications that this acquisition will create or strengthen a dominant position in the field of job-classifieds,” Switzerland’s WEKO watchdog said in a statement, adding it would also look into the implications of the deal for online car platforms in German-speaking regions of the country.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI