The operation The transaction involved Sogecable SA acquiring sole control over Audiovisual Sport SL (AVS). AVS was jointly controlled by Sogecable (80%) and TVC (20%). TVC had veto rights over certain strategic decisions, whose approval required 85% of the equity. The transaction involved Mediapro's acquisition of the 20% of AVS owned by TVC plus an additional 5% owned by Sogecable. In addition, the 85% threshold was removed - meaning that Sogecable gained exclusive control of AVS. Sogecable was a media company operating in the businesses of; pay TV, free TV, the production and marketing of thematic channels, film production and distribution, the purchasing and management of broadcasting rights, interactive TV and customer management services. Sogecable was controlled by Grupo
The Spanish Competition Authority clears in phase II a merger in the sports media rights sector subject to third party access to football broadcasting rights and limitation on the contracts’ length (Sogecable / AVS)
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