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Germany: Authorities demand concessions in program guide merger

By  |  February 25, 2014

Germany’s competition authorities are demanding concessions from two media groups over their proposed merger of various media properties, say reports.

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    Axel Springer and Funke Mediengruppe are reportedly exploring their options to have a merger be cleared in a deal that sees two newspapers, five TV program guides and two magazines transferred from Axel Springer to Funke.

    The merger is worth about $1.3 billion.

    The companies decided to split up the merger filings, and the newspaper magazine sales were approved last November.

    But according to reports, Germany’s cartel office is looking for concessions from the companies to approve of the rest of the deal.

    Full Content: Reuters

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