The OFT has cleared the acquisition by Bauer Radio Limited of TIML Golden Square Limited. The acquisition will add the Absolute radio brand to Bauer’s existing portfolio of commercial radio stations including Kiss and Magic. The OFT considered the impact of the transaction on the provision of airtime advertising (contracted and non-contracted) at a national level and in London, the provision of national sponsorship and promotions and the supply of multiplex services in London. It concluded that the transaction is unlikely to reduce competition in all these areas.
CRA Competition's response to EU Draft Merger Guidelines: An economic perspective on the emerging framework
Our European Competition team has contributed to the economic assessment in nearly a third of distinct merger decisions cited in the draft, (46 out of 164)...