AlphaTheta’s proposed acquisition of Serato blocked: “We disagree with and are disappointed by the ruling of the New Zealand Commerce Commission”

New Zealand’s competition regulatory agency, the Commerce Commission, has denied clearance for AlphaTheta’s proposed acquisition of Serato.

AlphaTheta, Pioneer DJ’s parent company, announced last year an over $50 million buyout of the New Zealand-owned and headquartered music software firm. The proposed merger — if passed — would bring under the same umbrella Serato and Rekordbox DJ, which together account for 90% of market share in the DJ software business…

The post AlphaTheta’s proposed acquisition of Serato blocked: “We disagree with and are disappointed by the ruling of the New Zealand Commerce Commission” appeared first on MusicTech.

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