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MegaStudy's bid to acquire ST Unitas denied by South Korean competition regulator

By Jenny Lee ( March 21, 2024, 05:29 GMT | Insight) -- MegaStudy and ST Unitas, two leading education companies in South Korea, have had their proposed merger blocked by the country's antitrust watchdog, marking the regulator's first veto of a merger deal in eight years. Announced today, the Korea Fair Trade Commission rejected MegaStudy's bid for a 95.8 percent stake in ST Unitas, citing concerns over potential competition restraints in the civil-service exam preparation sector.MegaStudy and ST Unitas, two leading education companies in South Korea, have had their proposed merger blocked by the country's antitrust watchdog, marking the regulator's first veto of a merger deal in eight years....

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