General Electric (NCB) / Business News (CNBC) [2005] IECompA m05053 (19 August 2005)

General Electric (NCB) / Business News (CNBC) [2005] IECompA m05053 (19 August 2005)

The proposed acquisition does not raise competition concerns in the relevant markets and is therefore compatible with Irish competition law.

Parties
Acquirer: General Electric Company (through NBC Universal, Inc.); Seller: Dow Jones & Company and its affiliated companies; Target: Business News (Europe) Partnership (CNBC Europe); Target: Business News (Asia) pte (CNBC Asia); Target: CNBC World LLC (CNBC World)
Jurisdiction
Ireland
Judgment Date
19 August 2005
Procedural Posture
Merger Notification / Phase 1 Preliminary Investigation
Outcome
approved
Legal Topics
Merger Control, Media Sector Mergers

Case Brief

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Parties

General Electric Company (through NBC Universal, Inc.)

Acquirer

Dow Jones & Company and its affiliated companies

Seller

Business News (Europe) Partnership (CNBC Europe)

Target

Business News (Asia) pte (CNBC Asia)

Target

CNBC World LLC (CNBC World)

Target

Procedural Posture

Merger Notification / Phase 1 Preliminary Investigation

  1. 1 Whether the proposed acquisition by General Electric (NBC Universal) of CNBC Europe, CNBC Asia, and CNBC World from Dow Jones & Company is compatible with competition law requirements in Ireland.

Ratio Decidendi

The proposed acquisition does not raise competition concerns in the relevant markets and is therefore compatible with Irish competition law.

Court Disposition

approved

Orders

  • The proposed acquisition is cleared and may proceed.