Australia’s competition watchdog the ACCC says it is not opposed to the MYOB Invest Co acquisition of GreatSoft, after deeming that the transaction is not likely to substantially lessen competition.
Australia’s competition watchdog the ACCC will not oppose the acquisition of comparison website, Compare the Market, by Innovation Holdings Australia that would result in it holding up to 35% of shares in iSelect, a major competitor to Compare the Market.
The competition watchdog the ACCC has raised preliminary concerns over the “substantial lessening” of competition in the accounting software market from MYOB’s proposed acquisition of GreatSoft.
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