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General

Korean watchdog rejects SK takeover of CJ HelloVision

Monday 18 July 2016 | 10:47 CET | News
South Korea's antitrust watchdog, the Fair Trade Commission (FTC), has rejected SK Telecom's bid to acquire cable TV operator CJ HelloVision. The watchdog believes the proposed merger would undermine competition in the market, Yonhap news agency reports. Therefore, the FTC has decided to block the proposed merger.

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Categories: General
Companies: SK Telecom
Countries: Korea, Republic of
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