Documents Relating To The Acquisition Of Leonardo.ai By Canva.

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The ACCC received an urgent media inquiry from the Australian Financial Review on July 30, 2024, regarding Canva's acquisition of Leonardo.AI. Internal emails reveal the ACCC had not been formally notified of the transaction prior to its public announcement. Senior ACCC officials, including Bruce Mikkelsen and Mark Rakers, confirmed they had no prior notification and sought clarification on whether the matter had been flagged within the organization. Communications indicate staff considered how to respond to media requests, with discussion about whether to confirm on background that the ACCC was unaware of the transaction before public disclosure, or to decline comment entirely. The documents consist of internal correspondence regarding media handling and the ACCC's lack of advance notice of this significant technology sector acquisition.