Verizon and Apollo – Media Merger 2021

In accordance with Part 3A of the Competition Act 2002 (the Act), as amended, the Minister was notified on 21 July 2021 of the Proposed Acquisition of sole control of Verizon Media Netherlands B.V, Oath Inc. and certain subsidiaries by Apollo Management L.P. In accordance with the Act, the Department undertook a 'Phase 1' examination of the merger in order to determine its potential effect on the plurality of media in the state. As a result of this examination the Minister made a determination, on 12 August 2021, that the proposed media merger will not adversely affect the plurality of media in the state and, as such, that it may be put into effect.