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Newscorp and Stream TV in gain Commission clearance for the merger of Stream and Telepiù

After a detailed Phase II investigation, the European Commission has cleared the proposed acquisition by Newscorp of Italian pay-television company Telepiù from Vivendi Universal. Telepiù will be merged with Stream, the other pay-TV company in Italy, thus creating a near-monopoly in Italian pay-TV. The new entity will be controlled by Newscorp with Telecom Italia maintaining a minority stake. We provided economic advice to Newscorp and Stream throughout the Phase II proceedings, on issues including 'failing firm defence', and economic rationale for the remedies volunteered by Newscorp.

For more information see Commission Press Release, Commission Decision

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