The Australian Competition Tribunal publishes its reasons for granting the merger authorisation in the entertainment sector (Tabcorp / Tatts)

The Australian Competition Tribunal has now published its reasons for granting authorisation to Tabcorp Holdings Limited to acquire Tatts (see our original legal briefing here). Herbert Smith Freehills acted for Tabcorp in its successful merger authorisation application. To authorise the merger the Tribunal needed to be satisfied that, in all of the circumstances, the proposed acquisition would result, or be likely to result, in “such a benefit to the public that the acquisition should be allowed to occur”. In applying this test, the Tribunal largely affirmed its findings in its original determination of June 2017. The matter was remitted to the Tribunal reconsideration following a judicial review application by the competition watchdog, the ACCC, and corporate bookmaker CrownBet.

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Herbert Smith Freehills (Sydney)
  • Herbert Smith Freehills (Sydney)
  • Herbert Smith Freehills (Melbourne)

Quotation

Grant Marjoribanks, Patrick Gay, Merryn Quayle, The Australian Competition Tribunal publishes its reasons for granting the merger authorisation in the entertainment sector (Tabcorp / Tatts), 17 November 2017, e-Competitions November 2017, Art. N° 93665

Visites 32

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues