Interim decision by the Cartel Office: Springer considers withdrawal
As the Frankfurter Allgemeine Zeitung reported, the German Federal Cartel Office's preliminary ruling is likely to derail the merger between Springer and ProSiebenSat.1.
As the Frankfurter Allgemeine Zeitung
reported, the interim decision by the Cartel Office is likely to increase the chances of
destroy a merger between Springer and ProSiebenSat.1. The central
Findings: The case should be rejected unless Springer sells the
Bild newspaper or one of the two major channels Pro Sieben or
Sat.1. Springer had previously refused to be bound by the Bild newspaper.
separate. The Cartel Office has accepted the conditions offered by the media group
and divestment proposals were not accepted, they were altogether
was not sufficient to approve the purchase. As the Handelsblatt reports at
Appointment in the environment of Springer CEO Mathias Döpfner
reported, the chances of a withdrawal are currently 60
percent. Springer now has until January 12 at 12 noon to respond to
to respond to the Cartel Office's interim decision. For Tuesday, 10.
January, the vote of the Commission for the determination of the
Concentration in the media sector CEC expected.
reported, the interim decision by the Cartel Office is likely to increase the chances of
destroy a merger between Springer and ProSiebenSat.1. The central
Findings: The case should be rejected unless Springer sells the
Bild newspaper or one of the two major channels Pro Sieben or
Sat.1. Springer had previously refused to be bound by the Bild newspaper.
separate. The Cartel Office has accepted the conditions offered by the media group
and divestment proposals were not accepted, they were altogether
was not sufficient to approve the purchase. As the Handelsblatt reports at
Appointment in the environment of Springer CEO Mathias Döpfner
reported, the chances of a withdrawal are currently 60
percent. Springer now has until January 12 at 12 noon to respond to
to respond to the Cartel Office's interim decision. For Tuesday, 10.
January, the vote of the Commission for the determination of the
Concentration in the media sector CEC expected.
