NZ competition regulator rejects NZME takeover of Fairfax Media unit

NZ competition regulator rejects NZME takeover of Fairfax Media unit

Photo: Reuters

New Zealand’s competition regulator said on Wednesday it had rejected NZME Ltd’s takeover of Fairfax Media Ltd’s New Zealand unit, saying the proposed merger would not benefit the public and result in lower quality of New Zealand news.

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