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US-based Datasite's bid for Australian M&A software firm Ansarada attracts regulatory scrutiny

By Ryan Cropp ( March 27, 2024, 03:59 GMT | Insight) -- US-based deal-making software provider Datasite’s A$236 million acquisition of rival Australian M&A technology company Ansarada Group will be probed by Australia’s competition watchdog. In a market inquiries letter published today, the Australian Competition & Consumer Commission said it would examine how closely the two companies competed for the supply of “virtual data room” technologies, which are used by deal-makers to securely share information during M&A transactions.US-based deal-making software provider Datasite’s A$236 million ($153 million) acquisition of rival Australian M&A technology company Ansarada Group will be probed by Australia’s competition watchdog....

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