iTWire Thursday, 15 April 2021 11:39 ACCC will not oppose acquisition of comparison website Compare the Market by Innovation Holdings Featured
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.
Compare the Market and iSelect both offer services to consumers that compare various insurance, energy, and financial products and services - and Innovation Holdings is a subsidiary of the IHA Group, which owns Compare the Market.
“We examined the acquisitions carefully, because iSelect is a major competitor to Compare the Market for comparison services,” ACCC Commissioner Stephen Ridgeway said.
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