BREAKING NEWS

Antitrust Authority approves sale of Makor Rishon, Maariv

APRIL 30, 2014 11:36

The Antitrust Authority on Wednesday approved the sale of Makor Rishon and web portal NRG to Sheldon Adelson's Israel Hayom.

It also approved the sale of Ma'ariv to Jerusalem Post owner Eli Azur.

The Authority's approval, based on considerations of how the sale would affect competition in the market, was the last legal hurdle required for the sales to go through after a court approved their legality in late March.

The decision will come as a relief to Makor Rishon's 130 employees, who protested outside the Authority's buildings on Tuesday, arguing that failure to approve the sale by the end of the week would force the paper to shut its doors.

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