M/19/024 Redbird (Blackstone) / Vungle [2019] IECompA m19024 (29 August 2019)

M/19/024 Redbird (Blackstone) / Vungle [2019] IECompA m19024 (29 August 2019)

The Commission determined that the proposed transaction does not raise competition concerns and cleared the merger in Phase 1.

Parties
Acquirer: The Blackstone Group Inc.; Acquirer Subsidiary: Redbird Parent Holdings Inc.; Target: Vungle Inc.
Jurisdiction
Ireland
Judgment Date
29 August 2019
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
merger cleared
Legal Topics
Merger Control, Media Merger, Acquisition of Sole Control

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 1 Authorities cited 1 Party arguments 2 Amounts and remedies 2
Sign in to unlock

Parties

The Blackstone Group Inc.

Acquirer

Redbird Parent Holdings Inc.

Acquirer Subsidiary

Vungle Inc.

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

  1. 1 Whether the proposed acquisition of sole control by Blackstone (via Redbird) over Vungle raises competition concerns in the relevant economic sector

Ratio Decidendi

The Commission determined that the proposed transaction does not raise competition concerns and cleared the merger in Phase 1.

Court Disposition

merger cleared

Orders

  • The proposed acquisition by The Blackstone Group Inc. (via Redbird Parent Holdings Inc.) of sole control of Vungle Inc. is approved.