( August 29, 2025, 06:25 GMT | Official Statement) -- MLex Summary: The review of a proposal by CAR Group, the publicly listed owner of carsales.com.au, to acquire Mojo Holdco, the holding company for Machines4U, has been put on hold, as Australia’s mergers regulator awaits further information. In a statement on its website, the Australian Competition & Consumer Commission also said that its Sept. 25 deadline for a decision had been scrapped, with a new deadline to be set “in due course.” CAR operates in the US, South Korea, Chile and Brazil, as well as Australia; Machines4U is an Australian online-listings portal specializing in new and used industrial machinery. The review is taking place under Australia’s informal notification mechanism.The full entry on the Australian Competition & Consumer Commission's website follows: ...
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