Experian to Acquire Credit Data Solutions: ACCC Approves
ACCC's Decision
The Australian Competition and Consumer Commission (ACCC) has given the green light to Experian Australia Credit Services Pty Ltd (Experian) to acquire Credit Data Solutions Pty Ltd (illion).
Experian's Announcement
The deal was announced on April 4, 2024, with Experian seeking to acquire 100% of illion's shares.
ACCC's Assessment
The ACCC conducted a review of the proposed acquisition and concluded that it would not substantially lessen competition in the market.
Reasons for Approval
- The combined entity will face competition from other large credit reporting agencies.
- The acquisition is unlikely to lead to a significant increase in prices or a decrease in service quality.
- The ACCC considered the impact on small businesses and consumers and found that the acquisition is not likely to harm them.
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