The Finnish Competition Authority grants clearance subject to remedies to the acquisition of a Nordic premium pay-TV operator after extended second phase investigation (TV 4 / C More)

On 27 November 2007 following a twice extended second phase investigation period, the Finnish Competition Authority (“FCA”) conditionally approved the acquisition of C More Group AB (“CMore”) by TV 4 AB (“TV4”), owned by Bonnier Media Group (“Bonnier”) from the German media group ProSiebenSat1 AG. The proposed acquisition was notified to the FCA on 8 July 2009 after a lengthy prenotification phase. CMore is a Nordic premium pay-tv channel broadcaster offering programming under the Canal+ brand in Sweden, Finland and Norway. Bonnier's activities in Finland include full ownership in MTV Oy (“MTV”) which broadcasts both free-to-air (“FTA”) channels as well as basic pay-TV (also know as “mini-pay”) channels. In its review of the proposed acquisition, the FCA took the view that the relevant product

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Ami Paanajarvi, The Finnish Competition Authority grants clearance subject to remedies to the acquisition of a Nordic premium pay-TV operator after extended second phase investigation (TV 4 / C More), 27 November 2008, e-Competitions November 2008, Art. N° 26690

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