ACCC, Rival Won't Appeal OK Of $4.8B Betting Co. Merger

Law360, New York (November 30, 2017, 2:10 PM EST) -- The Australia Competition and Consumer Commission has said it won’t challenge a court decision approving Tabcorp Holdings Ltd.’s AU$6.37 billion ($4.84 billion) takeover of Tatts Group Ltd., hours after rival online betting platform CrownBet Pty Ltd. on Thursday struck a deal not to appeal the decision.

In a release dated Friday, Australia's top competition watcdog said it won’t apply for judicial review of an Australian Competition Tribunal decision approving the merger to form a AU$11.3 billion industry giant.

“While the ACCC takes a different view from...
To view the full article, register now.