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OIO gives consent for Sky and Vodafone merger (3 May 2017) (New Zealand)

New Zealand Law Society

The Overseas Investment Office has announced that consent has been granted to the merger of SKY Network Television and Vodafone New Zealand, more than two months after the Commerce Commission declined to grant clearance.

The merger of these two companies required Overseas Investment Act approval because Vodafone and SKY are more than 25% owned by overseas interests and the purchase price and asset value are each more than $100 million.

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