Court confirms ban on ProSiebenSat.1 purchase by Springer
According to a new court ruling, Axel Springer’s acquisition of ProSiebenSat.1 was rightly blocked two years ago. On Wednesday, the Düsseldorf Higher Regional Court ruled in favor of the Federal Cartel Office.
The takeover of the TV group ProSiebenSat.1 by the media group Axel Springer has been rightly prohibited, according to a court ruling. The Düsseldorf Higher Regional Court (OLG) ruled in favor of the Federal Cartel Office on Wednesday. The Cartel Office had stopped the billion-euro merger at the beginning of 2006. The competition authorities had feared that the merger between Springer and ProSiebenSat.1 would have created a dominant market position for the company. Although Springer abandoned its plans after this decision, it nevertheless filed a lawsuit in order to obtain legal certainty for possible future mergers.
