The Icelandic Competition Authority clears a merger in the television industry, subject to remedies, including restrictions on board membership (Saga/Storm)

The operation On 26 October 2005 the Icelandic Competition Authority (ICA) was notified that Saga film hf (Saga) had acquired all the shares of Storm ehf (Storm). Saga produces TV shows, films and advertisements and is a subsidiary of 365 ljosvakamidlar ehf (365). 365 runs both free and subscription television channels and radio channels. The acquisition of Saga by 365 was notified to the ICA on 29 July 2005 and cleared on 17 November 2005.Storm produces TV shows, films and advertisements. On 10 February 2006