M/18/067 - LN-Gaiety/MCD Productions [2019] IECompA m18067 (5 July 2019)
The Commission found that, subject to legally binding commitments, the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.
- Parties
- Acquirer: LN-Gaiety Holdings Limited via LN-Gaiety Holdings Ireland Limited; Target: MCD Productions Unlimited Company
- Jurisdiction
- Ireland
- Judgment Date
- 05 July 2019
- Procedural Posture
- Merger Control / Phase 2 Determination
- Outcome
- Cleared subject to commitments
- Legal Topics
- Merger Control, Media Merger, Entertainment Industry, Market Concentration
Case Brief
Summary, issues, holding and outcome
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Parties
LN-Gaiety Holdings Limited via LN-Gaiety Holdings Ireland Limited
Acquirer
MCD Productions Unlimited Company
Target
Procedural Posture
Merger Control / Phase 2 Determination
Legal Issues
- 1 Whether the proposed acquisition would substantially lessen competition in the relevant markets for live music events and festivals in Ireland.
Ratio Decidendi
The Commission found that, subject to legally binding commitments, the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.
Court Disposition
Cleared subject to commitments
Orders
- The proposed acquisition is cleared subject to a number of legally binding commitments.
Full Case Text
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