The UK’s Competition Commission has cleared communications technology firm Ericsson to acquire UK media firm Red Bee, say reports.
The buyout was referred by the Office of Fair Trading over concerns of reduced competition in the playout services market. Ericsson already provides playout services to NBC Universal and ITV; Red Bee provides them to the BBC, Channel 4, UKTV and BT Sport, say reports.
But according to the Competition Commission, uncertainty in the market due to the incoming conclusion of Ericsson’s contract with ITV, as well as anticipated technological changes and other factors, the merger is not likely to adversely affect competition.<>.Financial details of the deal were not reported.
Full Content: Digital TV Europe
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI