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New Zealand has asked the country's High Court to block Platinum Equity LLC's bid to buy OfficeMax Holdings Limited, echoing concerns voiced by Australia's competition regulator that the deal will hinder competition.
The competition regulator on Wednesday released updated guidelines for media merger reviews, saying key to its analysis would be competition and media diversity, the impact of new technology and access to premium content.
The Australian Securities and Investments Commission could get more teeth under a new proposal by a Turnbull government taskforce released Tuesday, with penalties for corporate crime tripling from $1 million to $3 million.