The Competition Commission (ComCo) intends to conduct an in-depth investigation into the takeover of JobScout24 by Jobcloud. There are indications that this takeover creates or strengthens a dominant market position in the area of job classifieds, writes the Competition Commission.
Jobcloud operates several Internet portals in the job classifieds sector, including Jobs.ch and Jobup.ch. Tamedia and Ringier each hold 50 percent of the capital in Jobcloud. Jobscout24 also operates Jobscout24.ch, an online job exchange.
As Jobcloud already has a strong position today, there are indications that Jobcloud may already be strengthening its dominant market position, the ComCo stated in its press release on Tuesday. The in-depth investigation is to be carried out within the statutory period of four months. A few days ago, the ComCo had already initiated an in-depth investigation into the takeover of Ricardo by Tamedia. Ricardo is also active in the job classifieds sector with Olx.ch.
Jobscout 24 belongs to Scout24 Switzerland and is controlled by Ringier. (SDA)