Vodafone, Sky NZ merge gets slapped down

The proposed merger of Vodafone and Sky in New Zealand has been denied by the New Zealand Communications Commission.
Back in June last year the two decided to get their merge on. It looked like a relatively complicated affair, with Sky offering up nearly $900 million in cash plus shares to own just about 51% of the joint entity. However, ownership of the venture would come under minority shareholder Vodafone. Weird – but it’s not for us to judge.
The proposition was quite clear: NZ&r