| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 6 March 2025 |
| Pathway | Significant business assets |
| Investment | Acquisition of up to 75% of the shares in Serato Audio Research Limited. |
| Consideration | $113,000,000 |
| Applicant | Tiny Ltd. Canada 81% United States of America 4% Various 15% |
| Vendor | Various Shareholders of Serato Audio Research Limited New Zealand 99.6% Australia 0.4% |
| Background | The Applicant is a Canadian limited liability company listed on the Toronto Stock Exchange, and is majority owned by its co-founders Andrew Wilson and Chris Sparling. The Applicant is buying up to 75% of the shares Serato Audio Research Limited, which produces DJ and music production software, as well as various audio accessories. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Joshua Pringle Chapman Tripp (Auckland) PO Box 2206 AUCKLAND 1140 |