Federal Cartel Office extends deadline for Springer
At the request of the parties involved, the German Cartel Office has extended the deadline for examining the proposed Axel Springer/ProSiebenSat.1 merger until January 20, 2006. extended.
At the request of the
the time limit for the antitrust review of the
Axel Springer/ProSiebenSat.1 merger project by January 20, 2006
extended. Originally, the authority had planned to issue a
to make a decision. The application was submitted last Friday
and approved on Monday, explained a spokeswoman for the
company told Netzeitung. Springer referred in the application
to the parallel investigation proceedings at the Commission on the
Determination of concentration in the media sector (KEK). This involves
in particular the establishment of an independent media advisory board.
According to the Netzeitung, the CEC will decide on the approval on January 10.
of the takeover. Springer will inform the Federal Cartel Office
submit a formal conditional offer at short notice.
the time limit for the antitrust review of the
Axel Springer/ProSiebenSat.1 merger project by January 20, 2006
extended. Originally, the authority had planned to issue a
to make a decision. The application was submitted last Friday
and approved on Monday, explained a spokeswoman for the
company told Netzeitung. Springer referred in the application
to the parallel investigation proceedings at the Commission on the
Determination of concentration in the media sector (KEK). This involves
in particular the establishment of an independent media advisory board.
According to the Netzeitung, the CEC will decide on the approval on January 10.
of the takeover. Springer will inform the Federal Cartel Office
submit a formal conditional offer at short notice.
