30 April 2020

Magazine and tech websites merger cleared by the CMA in Phase 1 with commitments

On 17 April 2020, the UK Competition and Markets Authority (“CMA”) approved the acquisition of TI Media Limited by Future Plc, subject to commitments.  The deal created one of Europe’s largest magazine businesses, covering many well-known brands such as FourFourTwo, Ideal Home and Wallpaper*.  RBB worked alongside the merging parties to rebut closeness of competition concerns between the parties’ magazine titles and foreclosure concerns arising from the vertical link between TI Media’s magazine distribution activities and Future’s magazine publishing activities.  At the end of its Phase 1 investigation, the CMA concluded that the merger did not give rise to a realistic prospect of an SLC as a result of vertical effects and commitments were required to address horizontal concerns in a small number of overlapping markets.  RBB advised Future alongside Simmons & Simmons.

For more details, please click here.

Our experience and expertise means our clients have the best chance of success before competition authorities and courts.

We have unrivalled experience across the full range of issues presented by competition law and related associated litigation.