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Commitments and Remedies
Proposed Acquisition by Seek Asia Investments Pte. Ltd. of the JobStreet Business
20 November 2014
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Competition Law Case | Proposed Acquisition by Seek Asia Investments Pte. Ltd. of the JobStreet Business |
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Parties Involved |
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Focus of Commitments/ Remedies | The divestment commitment addresses concerns that the merged entity may use jobs.com.sg as a further distribution and marketing platform; and/or it may utilise its large database of listings to populate jobs.com.sg, leading to substantial increases in content and traffic for jobs.com.sg. The other commitments address concerns that the merger may reduce competition giving rise to price increases and/or exclusive contracts which could harm consumers. |
Start Date of Commitments/ Remedies | 20 November 2014 |
End Date of Commitments/ Remedies | 20 May 2015 (Divest the complete assets of jobs.com.sg) |