Latest news with #CompetitionTribunal
Global News
a day ago
- Business
- Global News
DoorDash wants Competition Bureau's lawsuit over prices tossed: doc
DoorDash Inc. is asking the Competition Tribunal to throw out a case accusing it of misleading customers. In a filing made to the tribunal, the company says Canada's competition commissioner has mischaracterized its fee structure and made claims against it that are false and misleading. Commissioner Matthew Boswell alleged last month that DoorDash markets its online delivery services at a lower price than what consumers actually wind up paying. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy An investigation his bureau conducted found customers were unable to purchase food and other items at prices advertised on DoorDash's websites and mobile apps because of mandatory fees added at checkout. DoorDash is now arguing its customers are not misled because it is impossible for them to navigate the company's marketplaces without being fully aware of fees they will face. Story continues below advertisement DoorDash says those fees are displayed throughout its marketplaces and are featured prominently and unavoidably on merchant store pages and at checkout.
CTV News
a day ago
- Business
- CTV News
DoorDash wants Competition Bureau case alleging it misled customers turfed: doc
A food delivery rider waits for the traffic light to change Monday, March 30, 2020, in Lone Tree, Colo. (AP Photo/David Zalubowski) DoorDash Inc. is asking the Competition Tribunal to throw out a case accusing it of misleading customers. In a filing made to the tribunal, the company says Canada's competition commissioner has mischaracterized its fee structure and made claims against it that are false and misleading. Commissioner Matthew Boswell alleged last month that DoorDash markets its online delivery services at a lower price than what consumers actually wind up paying. An investigation his bureau conducted found customers were unable to purchase food and other items at prices advertised on DoorDash's websites and mobile apps because of mandatory fees added at checkout. DoorDash is now arguing its customers are not misled because it is impossible for them to navigate the company's marketplaces without being fully aware of fees they will face. DoorDash says those fees are displayed throughout its marketplaces and are featured prominently and unavoidably on merchant store pages and at checkout. This report by The Canadian Press was first published July 28, 2025. Tara Deschamps, The Canadian Press
Yahoo
a day ago
- Business
- Yahoo
DoorDash wants Competition Bureau case alleging it misled customers turfed: doc
DoorDash Inc. is asking the Competition Tribunal to throw out a case accusing it of misleading customers. In a filing made to the tribunal, the company says Canada's competition commissioner has mischaracterized its fee structure and made claims against it that are false and misleading. Commissioner Matthew Boswell alleged last month that DoorDash markets its online delivery services at a lower price than what consumers actually wind up paying. An investigation his bureau conducted found customers were unable to purchase food and other items at prices advertised on DoorDash's websites and mobile apps because of mandatory fees added at checkout. DoorDash is now arguing its customers are not misled because it is impossible for them to navigate the company's marketplaces without being fully aware of fees they will face. DoorDash says those fees are displayed throughout its marketplaces and are featured prominently and unavoidably on merchant store pages and at checkout. This report by The Canadian Press was first published July 28, 2025. Tara Deschamps, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Citizen
6 days ago
- Business
- The Citizen
Competition Tribunal approves Canal+ and MultiChoice's more than R50 billion deal
Canal+ already owns 45% of MultiChoice's shares, and with this deal, it intends to buy the remaining shares for R125 per share, valuing the group at more than R50 billion. French Media giant Canal+ is one step closer to acquiring the remaining stake of MultiChoice, as the Competition Tribunal has approved the deal. MultiChoice's primary business is providing video entertainment through multiple platforms, including DStv, GOtv, and ShowMax. Canal+ already owns 45% of MultiChoice's shares, and with this deal, it intends to buy the remaining shares for R125 per share, valuing the group at more than R50 billion. ALSO READ: Is MultiChoice in trouble? Group reports sharp decline in subscribers Canal+ to buy MultiChoice The approval from the Competition Tribunal follows a recommendation from the Competition Commission that the Tribunal should approve the deal, subject to conditions related to public interest considerations. The Competition Tribunal is an independent body that adjudicates on matters referred to it by the Competition Commission. While the Competition Commission is an independent adjudicative body established to regulate competition between firms in the market, the commission is the investigating and prosecuting agency in the competition regime, while the Tribunal is the court. 'The approval by the tribunal concludes the competition review process in South Africa,' stated the Stock Exchange News Service (SENS) announcement made on Tuesday. ALSO READ: WATCH: DStv's 'R100' advert deemed misleading by regulatory board Deadline for the MultiChoice and Canal+ deal The announcement stated that the parties remain on track to complete the Mandatory Offer by Canal+ within the timeline announced on 8 April 2025, and prior to the long-stop date of 8 October 2025. 'The approval by South Africa's Competition Tribunal marks the final stage in the South African competition process and clears the way for us to conclude the transaction in line with our previously communicated timeline,' said Maxime Saada, CEO of Canal+. He added that he is positive about the potential this transaction will unlock for all stakeholders, including South African consumers, creative businesses and the nation's sporting ecosystem. 'The combined group will benefit from enhanced scale, greater exposure to high-growth markets and the ability to deliver meaningful synergies.' Agreed conditions of the deal 'As was previously disclosed, the agreed conditions include a robust package of guaranteed public interest commitments proposed by the parties,' read the announcement. 'The package supports the participation of firms controlled by Historically Disadvantaged Persons (HDPs) and Small, Micro and Medium Enterprises (SMMEs) in the audio-visual industry in South Africa. 'This package will maintain funding for local South African general entertainment and sports content, providing local content creators with a strong foundation for future success.' NOW READ: Another year, another decline in DStv subscribers: Will Canal+ be buying a shell?
The South African
6 days ago
- Business
- The South African
Bye bye MultiChoice: R53 billion takeover by French media giant Canal+ approved
French media giant Canal+ has received regulatory approval from South Africa's Competition Tribunal to proceed with its multibillion-rand takeover of MultiChoice, paving the way for one of the most significant media mergers on the African continent. The deal, valued at around R53 billion, will see Canal+ acquire full control of MultiChoice, best known for its DStv and Showmax platforms. While the approval from the Competition Tribunal is a major milestone, the merger still needs clearance from other regulatory bodies, including Icasa, the JSE, the Takeover Regulation Panel, and the Financial Surveillance Department. 'It is a hugely positive step forward in our journey to bring together two iconic media and entertainment companies,' said Canal+ in a statement. As part of the approval, the Tribunal imposed conditions designed to protect South African interests: Ongoing investment in local sports and general entertainment content. Measures to support Historically Disadvantaged Persons (HDPs) and SMEs in the local broadcasting sector. Guarantees to maintain South Africa's influence over content and access decisions through the continued independence of MultiChoice (Pty) Ltd, which services local subscribers. 'We look forward to executing the remaining processes and to building something extraordinary – a global media and entertainment company with Africa at its heart,' said Calvo Mawela, CEO of MultiChoice Group. Despite the approval, Canal+ and MultiChoice must still navigate legal and policy hurdles, including South Africa's laws on foreign ownership of broadcasters. As part of the transaction structure, MultiChoice's South African business will be carved out and maintained independently to comply with these restrictions. Customers and viewers are not expected to be affected during the ongoing approval process, and both companies have committed to maintaining current services. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
