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UK/Sweden: London media merger to face CC scrutiny

 |  September 30, 2013

The UK’s Office of Fair Trading has referred the planned merger of London-based media giant Red Bee Media by Swedish communications firm Ericsson to the Competition Commission, say reports.

The OFT is reportedly concerned the buyout could lead to higher prices or worse service levels, specifically within the firms’ linear playout operations within the UK.

Red Bee offers linear television services to various platforms around the globe, according to its website.

Financial details of the proposed buyout were not disclosed.

Full Content: Reuters

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