The Competition Commission of Singapore conditionally clears first merger with divestment and behavioural commitments (Seek Asia Investments / JobStreet)

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Competition Commission of Singapore, SEEK Asia Investments/JobStreet, CCS 400/004/14, 13 November 2014

Comment: On 13 November 2014, the Competition Commission of Singapore (the “CCS”) released its grounds of decision conditionally clearing the proposed acquisition by SEEK Asia Investments Pte. Ltd. (“SEEK Asia Investments”), of 100 per cent. of the online recruitment business assets of JobStreet Corporation Berhad (“JobStreet”), including JobStreet.com Pte. Ltd. (“JobStreet Singapore”) (the “Decision”). The proposed transaction is regional in nature and includes the online recruitment businesses operated by JobStreet in Singapore, Malaysia, Indonesia, the Philippines and Vietnam. The CCS’ review focusses on the acquisition of JobStreet Singapore. The proposed transaction was not notified in any other jurisdiction. Following a Phase 2 review, the CCS concluded that the commitments proposed by

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Kirstie Nicholson, The Competition Commission of Singapore conditionally clears first merger with divestment and behavioural commitments (Seek Asia Investments / JobStreet), 13 November 2014, e-Competitions November 2014, Art. N° 70813

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