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Reckon, MYOB deal could harm competition for accounting software, Australian regulator warns

( March 29, 2018, 01:13 GMT | Official Statement) -- MLex Summary: Australia’s competition regulator has released a list of concerns over the proposed acquisition of the Practice Management Group, owned by software company Reckon, by Australian publicly listed company MYOB Group. In a statement released today, the Australian Competition & Consumer Commission says the deal could “substantially lessen” competition in the supply of software used by accounting companies, and has released a "statement of issues" requesting further submissions by the interested parties.The full statement by the Australian Competition & Consumer Commission follows and the complete statement of issues is attached:...

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