On 1st February 2018, the French Competition Authority (“FCA”) unconditionally cleared in Phase II proceedings the planned acquisition of sole control of French company Concept Multimédia - which owns the real estate online platform Logic-Immo.com - by German group Axel Springer - which owns the competing online platform SeLoger.com . The transaction, which leads to the takeover by the leading real estate online advertising platform (SeLoger.com) of the third market player (Logic-Immo.com), required an in-depth examination by the FCA , which notably surveyed more than 30,000 real estate agencies through an online questionnaire. This merger case is all the more remarkable since it is the first time that
The French Competition Authority unconditionally clears a merger between two real estate online platforms (Axel Springer / Concept Multimédia)
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