Marketing & Media In brief South Africa

Media24 announces Novus merger

Media24 has today announced that Competition Tribunal has approved the merger of Media24 and Novus.

The approval includes a condition that Media24 divest itself of the majority of its shareholding in Novus while retaining a non-controlling minority stake of 19%.

The media company announced in April that the Competition Commission had recommended the merger to the Competition Tribunal for approval.

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